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Loans may be available to you as part of your financial aid awards to help fund your education. Remember: A loan is money that must be repaid and may accrue interest. You should only borrow what is necessary to help you with your education. Be sure you understand the terms and conditions of your loan if you decide to borrow.

In partnership with the U.S. Department of Education, Ivy Tech is taking steps to help students reduce student loan debt. Like many institutions, we have noticed our students’ increased borrowing. Given our low tuition costs, we find this trend to be very concerning. We do not want our students to be overly burdened with loan debt when they graduate.

Under our partnership with the U. S. Department of Education, we implemented two new processes beginning with the 2013-14 award year:

  • The loan request form can be downloaded and printed from the menu below.
  • Second, we are reducing annual maximum unsubsidized loan limits for independent students by $2,000. For details regarding annual and aggregate loan limits, please click on the William D. Ford Federal Direct Student Loan drop-down arrow below. This only affects unsubsidized loans and will only affect independent students attempting to borrow a combined Subsidized and Unsubsidized loan amount of $7,501 and above.

All students must meet certain eligibility requirements to be eligible for a student loan or a parent PLUS loan:

  • Complete a FAFSA each year - fafsa.gov – and submit all required documents as directed
  • Enroll in at least 6 credit hours/semester in an aid-eligible degree program;
  • Meet Satisfactory Academic Progress (SAP) requirements;
  • Meet all other requirements to be eligible for federal student aid.

There are a number of resources available to help you with the student loan process. The U.S. Department of Education’s Federal Student Aid Office has two websites that should answer most of your questions - studentaid.ed.gov/types/loans and studentloans.gov. You can also contact your campus Financial Aid Office for assistance or more information on any of the topics on this website.

More Information and Helpful Links


There are various types of loans available to our students. Choose your loan type above for more information.