Student Loans

Student Loans

Loans are a form of financial aid that students must repay.  All students applying for any type of federal student loan must submit the Free Application for Federal Student Aid in addition to the appropriate loan application. Loans are available to both Pennsylvania and out-of-state residents.

General eligibility requirements must be satisfied by all students to receive federal loan assistance:

  • Must be a U.S. citizen or eligible non-citizen
  • Must be accepted for enrollment or enrolled in a degree program at Bloomsburg University on at least a half-time basis (Undergraduate - six credits per semester / Graduate - 5 credits per semester)
  • Must maintain satisfactory progress
  • Must not be in default on a federal student loan or owe a refund on any federal student aid program
  • Must be registered with Selective Service, if required Loan repayments are serious financial and legal obligations.

Students and their families must understand their commitment prior to taking out a student loan.  Excessive borrowing and failure to repay loans may have serious adverse effects on a student's future credit rating.  Borrowers experiencing difficulty in meeting their repayment responsibilities should immediately notify their lenders.  In certain situations, borrowers may be eligible for deferments/forbearance (postponements) of the repayment obligation.  Borrowers are obligated to repay the full amount of the loan even if they do not graduate, did not find employment in their field of study, are not satisfied with the education they received, or are having financial difficulty.

Public Service Loan Forgiveness (PSLF) may be available to students who work for certain government or nonprofit organizations. For more information contact Fed Loan Servicing at or (855)265-4038 to speak to a PSLF Specialist.

Borrowers with several federal loan programs may be able to obtain a Federal Consolidation Loan that combines all federal loan payments into a single monthly payment.  Please note Private Educational Alternative Loans may not be consolidated into a Federal Consolidation Loan.  Consolidated monthly payments may be lower than the combination of individual payments, and the repayment period can usually be extended.  Consolidated loans may help borrowers avoid delinquent or default situations.  Check with the holder of your loans for more information.

If your are in a dispute about your federal student loan, contact the Federal Student Aid Ombudsman Group as a last resort.  The FSA Ombudsman Group is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program Loans, Guaranteed Student Loans, and Perkins Loans.  Please use the following information to contact the FSA Ombudsman Group:

                        FSA Ombudsman Group

                        PO Box 1843

                        Monticello, KY  42633

Persons borrowing must notify their loan servicing agency when any of the following conditions arise:

  • Graduation
  • Withdrawal from school
  • Attendance is less than half-time status (less than six credits Undergraduate - less than five credits Graduate)
  • Change of name or address
  • Transfer to another school
  • Other changes that may affect borrowers' eligibility for deferred payments

Please note that if you (student or parent of a student) enters into an agreement regarding a Title IV (i.e. Federal Direct Loan), your enrollment and eligibility information will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by authorized agencies, lenders and institutions.

Bloomsburg University's Student Lending Code of Conduct: Please review our Code of Conduct