Student Financial Services
Loans
Before You Borrow
If loans are part of your plan, you'll want to borrow wisely to keep your loan debt as low as possible. There are several resources to assist you in making borrowing decisions.
Loans and TEACH Grants
Federal loans refer to financial aid programs offered by the United States Department of Education to help students and their families cover the costs of higher education.
Institutional loans are financial assistance programs offered directly by Brown University. These loans are distinct from federal loans and private loans, as they are provided by and repaid to Brown.
Private credit-based educational loans are offered by private lenders or state loan authorities to graduate and undergraduate students for the purpose of financing educational costs. Qualifications and eligibility criteria vary by lender.
The TEACH Grant Program provides grants to students who are completing or plan to complete course work needed to begin a career in teaching. The Financial Aid Office determines students eligibility to receive a TEACH Grant.
Additional Information
Learn about the loan process -- application, requirements, and disbursement.
If you're a new borrower, been in school for a while, graduating soon, or a Brown alum, there are steps you can take to be successful in your loan repayment.
Whether you are graduating, dropping below half-time, or taking a leave, all loan borrowers are required to complete loan exit counseling. Exit counseling must be completed now, even if you plan to return to Brown to continue as a graduate or medical student or enroll at another school.
Student loan interest is interest paid during the calendar year on a qualified student loan. If you paid $600 or more of interest on a qualified student loan during the calendar year, you should receive a Form 1098-E, Student Loan Interest Statement from each loan servicer.
Code of Conduct for Educational Loans
The Higher Education Opportunity Act of 2008 (HEOA) requires that institutions participating in the federal student loan programs develop, publish and enforce a code of conduct with respect to students loans.