Loans/Payment Plans

William D. Ford Direct Student Stafford Loan Program

A Stafford loan is a government guaranteed loan offering low interest rates and deferred payment options. There are two types of Stafford loans – subsidized and unsubsidized.

Get more information and instructions to apply for a Stafford Loan

William D. Ford Direct Parent PLUS Loan Program

Federal Parent Loans for Undergraduate Students, also known as PLUS loans, are low-interest education loans that allow parents to fund the cost of their child's education. A federal PLUS Loan allows eligible parents to borrow up to 100% of the estimated cost of your student's college attendance, including student tuition, room and board, student books, transportation and additional expenses, minus any other financial assistance awarded to the student.

Get more information and instructions to apply for a PLUS Loan

Alternative/Private Loan Programs

Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its loan programs. Private loans are offered by private lenders and are not part of any federal financial aid program. Hanover College encourages students and their parents to utilize their federal loan eligibility before considering additional funding through private/alternative programs.

Alternative/Private Loan Programs

Hanover Easy Pay Plan

Hanover Easy Pay allows flexible scheduled payments, interest free. For additional information please contact the Business Office at 812-866-7041 or

Easy Pay Plan