Loans

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. 

Student (Direct) Loans

William D. Ford Federal Direct Loan (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.

Learn About Federal Direct Loans

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.

Learn About Federal Direct Parent 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.

Learn About Private Education Loans

 

Contact Us

Phone: 253-833-9111, ext. 2449
Fax: 253-288-3473
Email: finaid@greenriver.edu
Location: Student Affairs
and Success Center, 231

Hours of Operation

Monday, Tuesday 
8 a.m. - 7 p.m
Wednesday, Thursday 
8 a.m. - 5 p.m.
Friday
9:30 a.m. - 4:30 p.m.
Saturday, Sunday
Closed

Federal School Code

Our Federal School Code is 003780

Announcements

Winter Quarter 2018

  • Winter quarter tuition holds will be given to files completed by October 31.

2017-2018 Academic Year Applications
(Fall 2017, Winter 2018, Spring 2018 and Summer 2018)

  • We have received your complete financial aid application if you find an Item "READY TO REVIEW" on the Portal Information Needed section.
  • We still need document(s) from you if you find any blank(s) in the Date Received column on the Portal Information Needed section.

PROCESSING UPDATES (Updated on September 21, 2017)

We are currently processing applications completed in August.

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