Additional Loan Options

Direct PLUS Loans

Direct Parent PLUS Loans are loans in a parent's name for a dependent undergraduate student enrolled at least half-time in a degree program. It is not necessary to demonstrate financial need in order to receive a PLUS Loan, however the student must file a Free Application for Federal Student Aid (FAFSA). Filing the FAFSA may qualify the student for Federal and Institutional aid. Approval for the PLUS Loan is based on good credit. The maximum PLUS Loan amount that parents can borrow on a yearly basis is the cost of attendance minus any other financial aid received.

Direct Graduate PLUS Loans are loans in the student's name for graduate or professional studies. For a graduate or professional student to receive a PLUS Loan they must file the Free Application for Federal Student Aid (FAFSA) that provides consideration for the unsubsidized Federal Direct Loan. Approval for the PLUS Loan is based on good credit and the student being enrolled at least half-time in a graduate or professional degree program.

Current interest rates for Parent PLUS and the Graduate PLUS loans can be found here.

Please note: PLUS loan applications for the new financial aid year are typically available in April. 

Alternative Loan Information

Should You Borrow a Private Loan?

Students should not consider borrowing private student loans until they have exhausted their maximum federal student loan eligibility. The terms and conditions of these credit-based private loan programs vary, and as such, students are encouraged to review the details of the programs before selecting a private loan program.

You should consider a private loan if any of the following situations apply:

  • All federal loan options have been exhausted and additional funds are needed to meet the student's cost of education.
  • The student or parent is unable to borrow federal student/parent loans.
  • The student is responsible for financing their education, and they need to borrow additional funds.
  • Funds are needed for a previous semester and it is too late to borrow federal loans. (Many private loans allow students/parents to borrow funds to repay overdue university charges from previous semesters).

Preferred Lender List

This is a partial list of private, non-federal loans that may be used to help you finance your education. Because alternative loans can carry higher interest rates than their federal counterparts, we recommend exploring all other forms of education financing before considering alternative options.

UNH has a formal process that reviews different loans offered by private lenders and has selected these lenders based on their competitive rates, borrower benefits, and superior customer service. The criteria listed below will be reviewed periodically to determine if loan programs may be added to, or removed from, the list of programs. This list is provided for informational purposes only — the university does not endorse any of the loans listed below, nor does it receive benefits from the lenders listed.

Borrowers are encouraged to review the terms and conditions of each program prior to selecting a lender.


Citizens Bank



    Sallie Mae