Loans

Loan Programs

Federal Direct Loans: Students looking to finance their education with loans should first consider borrowing Federal Direct Student Loans. These loans require that you complete your Free Application for Federal Student Aid (FAFSA) annually as well as a Master Promissory Note (MPN) and Entrance Counseling. Federal Direct Loans include:

• Unsubsidized Loan: This is a low-interest, non-credit-based loan, and the first recommendation for professional students planning on borrowing loans. To apply, you will need to complete a Federal Direct Student Loan MPN and Entrance Counseling at studentaid.gov.
• **Graduate PLUS Loan: This is a credit-based loan but can be less stringent than the credit requirements for most private student loans. To apply, please visit https://studentaid.gov/plus-app/grad/landing and follow the instructions.

**Important: Beginning July 1, 2026, Graduate PLUS loans are no longer available to new borrowers. Some students who have previously borrowed these loans will be grandfathered into the program as it phases out. We will continue to provide more details about eligible grandfathered borrowers as the U.S. Department of Education (ED) clarifies the new regulations.

Private Loans: These are credit-based loans that should be considered as a last resort for students looking to finance their education. For more information and a list of private lenders to compare, visit elmselect.com. To apply, please follow the instructions on the private lender’s website. Due to credit expiration timeframes, borrowers should avoid applying more than 180 days prior to the start date of classes.

Loan Details

* Visit the federal student aid website for more information 

Making Loan Adjustments

IIf you would like to request adjustments to your student loans, please fill out the appropriate Loan Change Request Form and allow adequate time for processing. All Loan Change Request Forms that would be applicable to you can be found online in SSB – Financial Aid within myLU.

• Unsubsidized Loan: From the list of available forms, select the “Federal Direct Student Loan Change Form.” In the drop-down menu, select the appropriate aid year and follow instructions for completing the “Direct Stafford Loan Change Form.”
• Graduate PLUS Loan: From the list of available forms, select the “Federal Direct Student Loan Change Form.” In the drop-down menu, select the appropriate aid year and follow instructions for completing the “Graduate PLUS Loan Change Form.”
• Private Loan: From the list of available forms, select the “Private Loan Change Form.” This form must be printed and signed by hand. Once completed, please submit the form by email to the LUCOM Financial Aid Office at LUCOMFinancialAid@liberty.edu for review.

Loan Repayment and Forgiveness Programs

During the final academic year and after graduation, qualifying students will have the opportunity to apply for various loan repayment and forgiveness programs directed toward meeting shortage regions or specialties available through a variety of federal and state government programs, institutions, and non-profit agencies. These programs can help to significantly reduce the total amount of loans that a student is responsible to pay back. A few of the programs include, but are not limited to:

National Health Service Corps (NHSC) Loan Repayment Programs (LRP):

The NHSC Loan Repayment Program offers licensed primary care health providers the opportunity to have their student loans repaid while serving in communities with limited access to care.

The NHSC Students to Service Loan Repayment Program provides loan repayment assistance to medical students in their final year of school in return for a commitment to provide primary care services in eligible Health Profession Shortage Areas (HPSAs) of greatest need.

State Loan Repayment Programs are open to primary care providers deemed eligible in participating States. Providers apply to the individual State program.

Public Service Loan Forgiveness: The PSLF Program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.

Federal Loan Repayment Plans: Finally, there are a variety of flexible loan repayment options available after graduation, residency, and/or fellowship for students borrowing federal loans. For more information on which plan works best for you, visit the federal student aid website or contact your financial aid advisor directly.

Tracking Your Loans

You may track your federal by reviewing your student aid dashboard at StudentAid.gov. To track your private student loan usage, please reach out to or utilize the resources provided by your loan lender and/or servicer. It’s is important to track your borrowing during the life of the loan to stay informed on amounts, payments, accrued interest, and other available options.

Questions & Requests

For more information or questions related to available loan programs, loan repayment plans, and tracking loans, please email the LUCOM Financial Aid Office at LUCOMFinancialAid@Liberty.edu.

To view and/or request access to information related to student debt load and student loan default rates, please visit Financial Aid Summary Information. Additional demographic data and student debt load regarding LUCOM student loan borrowers is available upon request by visiting Financial Aid Summary Information or by emailing LUCOMFinancialAid@liberty.edu.