Loans

Student loans can be a useful investment in your college education but should only be used as a last resource. Below are different types of loans available to students at MSU.

Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while you’re in school at least half-time.

Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but in this case, the student does not have to demonstrate financial need to be eligible for the loan. The borrower is responsible for paying the accrued interest on unsubsidized loans.  

Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid.

Direct Consolidation Loans allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.

Federal Perkins Loan Program is a school-based loan program for undergraduates and graduate students with exceptional financial need. Under this program, the school is the lender.

Private (Alternative) Student Loans are loans provided by private loan lenders to help students pay for higher education. Private loans are often used only once Federal Student Loan eligibility has been exhausted.
  • Morehead (Residential Campus)
    150 University Blvd., Morehead, KY 40351
    800-585-6781
  • MSU at Ashland
    1400 College Dr., Ashland, KY 41101
    800-648-5370
  • MSU at Mt. Sterling
    3400 Indian Mound Dr., Mt. Sterling, KY 40353
    859-499-0780
  • MSU at Prestonsburg
    6 Bert Combs Dr., Prestonsburg, KY 41653
    800-648-5372
  • MSU at West Liberty
    155 University Dr., West Liberty, KY 41472
    606-743-1599
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