An education loan is a form of financial aid that must be repaid, with interest. Many students rely on federal government loans to finance their educations.
Federal Direct Loan Program for students
Federal Direct Loans are low-interest loans for students to help pay for the cost of a student’s higher education. The lender is the U.S. Department of Education rather than a bank or credit union.
Students need to complete all required application materials each academic year. Green River’s academic year runs from Fall through Summer. Read more about Federal Direct Loan Program
Federal Direct Parent (PLUS) Loans
The Parent Loan for Undergraduate Students (PLUS) may be obtained by parents to cover costs not already covered by their student’s financial aid package, up to the full cost of attendance.
The U.S. Department of Education is the lender for Federal Direct PLUS Loans. Read more about Federal Direct Parent (PLUS) Loans
Private Education Loans
Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of your education and the amount the government may allow you to borrow in its programs. Private loans are offered by private lenders and no federal forms are required. Terms may vary from lender to lender.
For private education loans students must meet the lender’s credit criteria. Creditworthy cosigners may help you qualify for a lower interest rate.
Private education loans tend to have variable interest rates and often cost more than the Federal Direct Loans that have a fixed rate. Private education loans may be less expensive than credit card debt, so it is important to check the rates of each before making a decision.
Though not required, it is strongly recommended students first seek financial aid which may include grants, work study, and Federal Direct Loans that carry low fixed rates, prior to considering private loans. This is done by completing a FAFSA and Green River’s Supplemental Financial Aid Application and any additional required documents. Federal Direct Loans offer better repayment options, deferments, forbearance and some forgiveness options. There are no credit requirements for Federal Direct Loans for students. You should exhaust your eligibility for Federal Direct Loans before resorting to private student loans. Read more about Private Education Loans
Spring Quarter Financial Aid Funding Release
Financial aid balance will be disbursed through BankMobile on March 30. (Please email Financial Aid Office if you plan to take less than 12 credits so that we can pay your outstanding tuition and release the balance to you timely)
Spring quarter classes will begin on April 6.
Chat with Financial Aid representatives via online Zoom!
Monday-Thursday 8:00 a.m.-5:00 p.m.
Friday 9:30 a.m.-4:30 p.m.
Financial aid application 2020-2021 (Fall 2020-Summer 2021) is now open! Apply Now
We are currently processing applications completed in March 2020. (updated on 3/9/20)
Federal School Code
Our Federal School Code is 003780
Hours of Operation
|Remote Service Hours|
(Email, Zoom, etc)
|Monday - Thursday|
|8 a.m. - 5 p.m.|
|9:30 a.m. - 4:30 p.m.|
Phone: 253-833-9111, ext. 2449
Location: Student Affairs
and Success Center, 231