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A loan is a form of financial aid that must be repaid, with interest. Few students can afford to pay for college without some sort of education financing. In fact, two-thirds of undergraduate students graduate with some debt. Education loans come in three major categories: student loans, parent loans, and private or alternative loans. A fourth type, consolidation loans, allows the borrower to lump all of their loans into one loan for simplified payment.

Parents and students are encouraged to visit the following Web sites to learn more about the different types of loans available through Marietta College.

  • Federal Direct Subsidized Stafford Loan
    This is a Federal student loan with an interest subsidy, to help meet financial needs according to the federal formula. As a direct lending school, loans are processed directly between the College and the federal lender.
  • Federal Direct Unsubsidized Stafford Loan
    This is a federal student loan with no interest subsidy. Demonstration of financial need is not required to receive this loan. As with the Subsidized Stafford Loan, loans are processed directly between the College and the federal lender.

To decline all or a portion of either Federal Direct loan, email

  • Federal Direct PLUS Loan
    PLUS stands for Parent Loan for Undergraduate Students. This is a federal loan that a credit-worthy parent of a dependent student may borrow. It does not have an interest subsidy and repayment starts within 60 days after the loan is fully disbursed.

**To accept your Federal Direct Loan(s), you must complete Entrance Counseling AND sign the Master Promissory Note(s). For assistance with this process, please use our Federal Direct Loan Acceptance Procedure Guide.

Students will also be required to complete Informed Borrower Consent prior to loan disbursement.

Alternative/Supplemental Loans

Non-federal loans are an option for students whose parent(s) cannot or choose not to borrow a PLUS loan. A creditworthy co-signer is usually required unless the student has an acceptable credit history. As a student loan, they are deferrable but do not have an interest subsidy.

The Office of Student Financial Services has chosen ELMSelect as a resource to help you find a private loan lender that best fits your needs. The lenders and options presented in ELMSelect have been used by at least one student at Marietta College within the past 5 years. You are free to choose any lender, including those not listed. If you choose a lender that is not presented, please contact the Office of Student Financial Services.

To view these lenders, please visit ELMSelect.

While we understand that you may have questions, we believe you have the right and ability to seek the education loan provider of your choice. ELMSelect allows you to compare several lenders, containing the most up-to-date rates and benefits.

Loan Calculator

This Loan Payment Calculator computes an estimate of monthly loan payments and the annual salary required to manage them without too much financial difficulty.