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Financial Aid

Federal Student Loans

Federal student loans are financial aid funds that you must repay with interest. Loans are a helpful way to finance your college experience. However, please remember that you will be responsible for these at some point after graduation or if you become enrolled for less than 6 credits (half-time) at Pace University at any time.

Important Things to Know About Federal Student Loans

  • All student loans are subject to annual maximum amounts, and the student must be the applicant/borrower.
  • Institutions that enter into an agreement with a potential student, current student, or parent of a student regarding a Title IV, HEA loan are required to inform the student or parent that the loan will be submitted to the National Student Loan Data System (NSDLS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
  • For detailed information about your Federal Direct loan borrowing history including contact information for your Federal Direct Loan servicer, visit the National Student Loan Data System (NSLDS).

General Eligibility for Federal Financial Aid Programs

  • Must file a Free Application for Federal Student Aid (FAFSA) each year.
  • Must be admitted as a matriculated student in a degree or certificate program at Pace University.
  • Must be enrolled in at least 6 credits per semester (except for Pell Grants).
  • Must be making Satisfactory Academic Progress towards a degree.
  • Must be a U.S. citizen or eligible non-citizen (permanent residents, certain refugees)
  • Must be registered for the Selective Service (only applicable to males aged 18 and older)
  • Must not be in default of a federal student loan.
  • Must not owe a repayment on a federal student grant.
  • Must have and provide a valid Social Security Number.
  • Combination of federal aid and all other aid received may not exceed the Cost of Attendance.
Undergraduate Loans Graduate Loans
Direct Stafford Loans Direct Stafford Unsubsidized Loan
Direct Parent Plus Loan Direct Graduate Plus Loan


Federal Direct Stafford Loans (Subsidized and Unsubsidized)

Federal Direct Unsubsidized Loans (Specific to Graduate Students)

Federal Direct Parent (PLUS) Loan for Undergraduate Students

Federal Direct Graduate PLUS Loan for Graduate Students only


Pace Student Loan Code of Conduct

Pace University is committed to student-centered loan processing. The University has participated in the Direct Loan program in which loans are provided directly from the federal government to students since the 1994-1995 school year. Pace Financial Aid staff certify and transmit all federal loans directly to the Common Origination and Disbursement Center of the Department of Education.

With regard to private/alternative (non-federal) educational loans, Pace Financial Aid staff will certify any loan of the student’s choice. We do not endorse any particular lender. Neither do we participate in any of the following practices with lenders:

  • Revenue-sharing arrangements with any lender
  • Receiving gifts from a lender, a guarantor, or a loan servicer
  • Contracting arrangement providing financial benefit from any lender or affiliate of a lender
  • Directing borrowers to particular lenders, or refusing or delaying loan certifications
  • Offers of funds for private loans
  • Call center or financial aid office staffing assistance
  • Advisory board compensation