Federal Direct Student Loan

Loan Funds provided to the student by the U.S. Department of Education through the school. Repayment of principal begins six months after the borrower ceases to be a student on at least a half-time basis (6 credits). The Free Application for Federal Student Aid (FAFSA) is the annual application. There are two types of Federal Student Direct Loans: subsidized and unsubsidized. Students with financial need can qualify for a subsidized loan, and the government pays the interest on the loan while the student remains enrolled at least half-time (6 credits). Students who don't demonstrate financial need qualify for an unsubsidized loan and interest accrues while the student is in school. Students must complete Entrance Counseling and the Master Promissory Note to receive the disbursements.

Federal Parent Loan (PLUS)

A federal loan program that allows parents who have no adverse credit history to apply for up to the Cost of Attendance each year, less any financial aid. Plus loans must be repaid with interest.

Private (Alternative) Loans

A loan from a commercial lender used to pay for up to the annual Cost of Attendance, less any financial aid received. Private loans usually require the applicant to be creditworthy or have a co-signer, have various interest rates, fee and repayment options. Repayment of interest (and often principal) generally begins immediately, with some lenders offering deferment options for in-school periods.

VCSU offers an online private student loan comparison tool for you to use called FASTChoice. FASTChoice is designed to assist you in making the private student loan choice that is best for you.

Office Information

Office Location:
McFarland 219

Office Hours:

Academic Year:
7:45 a.m. - 4:30 p.m.

7:30 a.m. - 4:00 p.m.
Phone Number:

Fax Number:


Financial Aid
Valley City State University
101 College St SW
Valley City, ND 58072