Our Position on Federal Student Loans at Doane College Currently, the student loan industry is undergoing scrutiny for questionable financial dealings between some colleges and lenders. In short, there are a few bad apples.
Rest assured, we at Doane College are in no way compensated or rewarded for working with lenders/banks. In fact, we do not even provide "preferred" lender lists. Families should choose the lender/bank that works best for them.
Unsure how to pick? Here are a few things to keep in mind as you make your decision:
Weigh the back-end benefits carefully. Interest rates are federally determined, so really it's important to think about how the lender will treat you when it's time for repayment.
Don't be taken by dazzling marketing. Some lenders send out expensive marketing pieces, but that doesn't mean they are the best choice for you. Plus, that marketing has to be paid for from somewhere.
Be wary of e-mail. Students sometimes receive e-mails regarding loan information from questionable sources. Use the old adage "if it sounds too good to be true then it probably is."
Consider your local lender/banker. Over the years, Doane has developed solid working relationships with many local lending institutions that specialize in helping students and parents understand their guaranteed student loans and the many repayment options. If challenges arise, the Financial Aid Office may be able to assist you. Of course, Doane will process any Stafford loan application that we receive.
If you have any questions about your student loans at Doane, please call us at 800.333.6263.
If you are still searching for a student loan lender, please contact the lender/bank directly with questions about repayment options - that's where the savings really happen!
Federally subsidized low interest loans for education are available to students and families. Entrance and exit counseling are required for all student loan borrowers. All loans must be repaid.
Financial aid is available for degree-seeking undergraduate and Masters of Counseling and Management students enrolled at the Crete, Grand Island or Lincoln campuses. Degree seeking students in the Masters of Education Curriculum and Instruction or the Masters of Educational Leadership program are also eligible for financial aid when enrolled at one of the following federally approved locations (click link to view).
Students attending classes on these campuses who request consideration for financial aid should complete the federal financial aid application process no later than six weeks prior to the beginning of classes.
Loan programs include:
Federal Stafford Loan
The Federal Stafford Loan Program works in partnership with your financial institution. Subsidized loans are available to students demonstrating financial need. Students not qualifying for federal subsidized loans may qualify for unsubsidized loans.
The Stafford Loan is the only loan available for graduate program students. Please choose the link below to apply for this loan.
Student Federal Stafford Loan Federal Perkins Loan
Federal Perkins Loans work in partnership with Doane College. Amounts vary with each student's eligibility and are dependant upon federal funding. The Financial Aid Office determines individual award amounts. The average Perkins Loan for students attending Doane College in 2006-07 was $1,180.
Parent PLUS Loan
The Federal Plus Program also works in partnership with your financial institution. The PLUS loan is available to parents to help the family cover education expenses. Eligibility is controlled by federal regulations and determined by Doane College. This program requires a separate application and promissory note. Doane College can provide this to you.
Federal Parent PLUS Loan
Parents may borrow money through a Federal Plus Loan to help pay for college expenses.
Federal Parent PLUS Loan Renewal
For more information, call, write, or e-mail:
Director of Financial Aid
Financial Aid Office
Doane College
1014 Boswell Avenue
Crete, Nebraska 68333-6263
402.826.8260
Toll-Free: 1.800.333.6263
E-mail: faoffice@doane.edu