Loans

Loans are a form of financial aid that must be repaid and can come from the federal government, the University and private lending sources.

Important updates

One Big Beautiful Bill Act (OB3) impact on borrowers. Learn about the impacts to current and future federal direct loan borrowers due to the Big Beautiful Bill Act. As federal regulations, policies, and procedures are still pending from the One Big Beautiful Bill Act, federal grants and loan offers may be adjusted. Federal systems and vendor software updates are pending; amounts may be adjusted once specifications are finalized and institutional systems are updated. Students will be notified promptly if adjustments are required. Read more about OB3.

Federal loans

The William D. Ford Federal Direct Loan (Direct Loan) Program is the U.S. Department of Education’s federal student loan program. The U.S. Department of Education acts as the loan lender and there are several available loan types for undergraduate students, graduate students, professional students and parents.

Direct Subsidized Loan

The Federal Direct Subsidized Loan is a federally-sponsored "need-based" loan available to undergraduate students only.

Learn about Direct Loans

Direct Unsubsidized Loan

The Federal Direct Unsubsidized Loan is available to undergraduate, graduate and professional students, but is not based on financial need.

Learn about Direct Loans

Direct PLUS (Parents)

Direct PLUS loans are made to parents of dependent undergraduate students and has specific eligibility requirements and is not based on financial need.

Learn about Direct PLUS (Parent) loans

Direct PLUS (Grad)

Direct PLUS loans are made to graduate and professional school students and has specific eligibility requirements and is not based on financial need.

Learn about Direct PLUS (Grad) loans

Institutional Loans

Institutional loans come from the University of Nevada Reno and offer students a variety of additional funding options for their college education.

Garvey-Rhodes and Blundell Undergraduate loans

The Garvey-Rhodes and Blundell and loans offered to only full-time Undergraduate students. These loans are need-based funded from institutional endowments.

Learn about institutional loans

Federal Nursing Student Loan (NSL)

The Federal Nursing Student loan is offered only to full-time Undergraduate and Graduate students. This loan is a federal need-based loan specifically for students admitted into the Orvis School of Nursing.

Learn about Nursing Student Loans

Other types of student loans

Private loans

A private loan is a consumer-based, non-need-based loan. The interest rate for a private loan is usually considerably higher than the rate for a federal loan.

Learn about private loans

Nursing Student Loans

The Nursing Loan (NSL) is a need-based, long-term, low interest (5%) federal loan specifically for students admitted into the Orvis School of Nursing.

Learn about nursing student loans

Repayment Readiness

Loan repayment options

Even though most borrowers are assigned a standard repayment plan when they first begin repayment, you can change your repayment plan with your federal loan servicer to fit your needs. For more information on each type of repayment plan, please visit the Federal Student Aid website Repayment Plan List.

Learn about federal loan forgiveness programs

In certain situations, you can have your federal student loans forgiven, canceled, or discharged. To learn more about these federal loan programs, please visit Student Loan Forgiveness | Federal Student Aid.

Exit counseling

Are you about graduate or dropping below half-time enrollment? Exit counseling is a course to ensure you understand the loan repayment obligations when your 6 month grace period ends.

View the exit counseling course

Loan simulator

Use this tool to calculate your specific federal loan repayment options based on the different repayment plans available.

View the loan simulator tool