When you take out a student loan, you must pay it back -- even if you do not complete your education.
Loan Programs at a Glance illustrates the terms and loan limits of most loan programs available to eligible Mercer students. Some loans are disbursed in the form of a check which you endorse and use to pay any charges you owe the University. Other loans are credited to your student account after you complete a promissory note and any other required documents. Your loans may be canceled if you don't endorse your loan checks or complete the required documents.
The Department of Education will be offering additional loan resources for graduate students through the new Direct Loan GradPlus Loan Program. This program is available July 1, 2006 to eligible graduate students who are enrolled at least half-time at Mercer. A credit check must be performed for the borrower; and loans cannot be originated until July 1. Loan maximums equal the Total Cost of Attendance for student's program minus any other financial aid the student is awarded.
For further information regarding this new program, please contact LeeAnne Cardali, Loan Coordinator, Main Campus (or the loan coordinator for your particular campus).
Supplemental Loans
In addition to the loans listed above, there are several others available. Some are for parents, some for students and some are for either students or parents. There are also other loans that are tied to specific fields of study such as medicine, law and business. Contact the Student Loan Coordinator in the Office of Student Financial Planning for more information.
Alternative Loan Lender List
Click here to see a comprehensive list of lenders.
The Main Campus Office of Financial Planning is located in Ryals Hall Local: (478) 301-2670 National: (800) Mercer U Within GA: (800) 342-0841
