2015-2016 Undergraduate Catalog
East Stroudsburg Normal School opened it doors on September 4, 1893. Today, ESU is a comprehensive university in northeastern Pennsylvania offering 58 undergraduate and 22 graduate degrees and is one of the 14 institutions in the Pennsylvania State System of Higher Education.
2015-2016 Undergraduate Catalog > Financial Aid > Forms of Financial Assistance
The following chart shows Direct Loan amounts based on credits earned:
Additional Unsubsidized Federal Direct Loan funds are available to independent undergraduate students. Freshmen and sophomores may request up to $6,000, while juniors and seniors may request up to $7,000. Dependent students whose parents have been denied a Federal Direct PLUS Loan may also apply for these additional unsubsidized funds.
Federal Direct PLUS Loans are available to parents who have no adverse credit history. Repayment of a PLUS loan generally begins within 60 days of disbursement. The interest rate for For PLUS loans that are first disbursed on or after July 1. 2015 and before July 1, 2016 is 6.84%.
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