Financial Services and Cost of Attendance’
Larkin University offers Private Student Loans through various lenders. Private Student Loans are applied for on an annual basis, at the beginning of the academic year. Private Student Loans are based on the creditworthiness of the borrower. You can increase your chances of being approved and receiving a lower interest rate by applying with credit-worthy co-borrower. Repayment begins after graduation or after a student falls below less than half-time or student’s last date of attendance, whichever comes first. Private Student Loan interest rates different for all lender, depending on the borrower’s credit history.
Understanding your rights and responsibilities is extremely important when considering Private Student Loans. Choose the loan that is most suitable for you by considering each lender’s terms and conditions. We have established a standard allowance for your direct and indirect expenses. The direct expenses are tuition and fee charges to the student’s account made by the institution as detailed on the below chart. Included in the Cost of Attendance (COA) budget are expenses that are indirectly related to your education, such as an estimate for housing, food/household supplies, transportation and personal miscellaneous expenses. In keeping with common practice among financial aid administrators, the cost for indirect expenses is intended to provide a “modest but adequate” standard of living, which is estimated not to exceed 58% of your total tuition and fees charges. Students can apply for and receive financial resources up to their Cost of Attendance budget. It is our recommendation that students borrow only what is needed and what he/she reasonably repay. Loan applications must be completed online through each lender’s website. Upon approval, the lender will notify Larkin University electronically. Please click here to learn more about all the loan options offered by our lenders and how to understand your credit score. We have compiled a list of scholarship resources that are offered outside of Larkin University. You can find a full list of scholarships on our website, Please browse each link to determine eligibility requirements and application deadlines. You may also apply for any additional scholarship on your own. Please contact the Director of Financial Services, Ms. Yaidani Rivero, firstname.lastname@example.org or 305-760-7513 to begin your application process. To visit Larkin University Financial Services Website, click on the button below.