Financial Aid: Loans

Before you Borrow

Choosing to borrow an educational loan is a decision that you should consider seriously before entering into a loan agreement. Loans can be a wonderful way to make attending college possible, but many students enter into loan agreements without fully understanding the consequences of their decisions.

Loan Payment Calculator

How much should I borrow?

You should never borrow more than you absolutely need to attend school. Loans must be repaid when you're no longer enrolled in school, and you need to be very realistic about your ability to repay student loan debt based on what you anticipate your future annual income will be. Check out the Loan Payment Calculator available on to see what your monthly payments might be at various borrowing levels.

Students are strongly advised to borrow through the Federal Direct Subsidized and Unsubsidized Loan program first. If additional loan funds are still needed, we suggest the Federal Direct PLUS (for the parents of dependent students) and the Federal Direct Graduate PLUS (for graduate students). We advise families to exhaust all federal loan options before using private education loans.

Deny or Reduce Your Loan

Marywood University awards Federal Direct Loans under the “passive confirmation process”, meaning that we assume students want their Federal Direct Loan as packaged unless otherwise notifiedStudents who wish to deny or reduce their loans must notify the Financial Aid Office in writing or by sending an email to

If sending an email:

  • please put “Cancel/Reduce My Loan” in the subject heading, and include
  • Your full name
  • Marywood University student ID
  • Which loan you wish to cancel or reduce; the Unsubsidized Loan, Subsidized Loan or both.

Additional information on Federal Direct Loans

Code of Conduct

Marywood University adheres to a Code of Conduct which was created to provide transparency between Marywood University and private education lenders. The goal of the Financial Aid Office is to provide students with the information they need to make good decisions about borrowing and to select the types of loan(s) and the lender(s) that offer the best terms for their particular needs.  Visit for information on private education loans.