Delaware Student Loans

Guy studyingIf you are a resident of the beautiful and largely rural state of Delaware, or wish to attend one of the four-year and degree-granting institutions in the state, you are likely looking at living in or around one of the more populated cities such as Dover, Newark, or Wilmington. These cities, primarily located in the northern part of the state, are where the majority of higher education options will be located. The two biggest universities in Delaware are the University of Delaware and Delaware State University.

The University of Delaware is a top research university that is home to more than 17,000 undergraduate students and close to 4,000 graduate students. The main campus is in the city of Wilmington; however, there are additional campuses located in the Delaware cities of Georgetown, Dover, and Lewes as well as international facilities in Paris and London.

Nestled in the state capital city of Dover, Delaware State University offers 53 undergraduate, 25 master’s degree, and five doctoral degree programs to its culturally diverse student body. Delaware State University has a rich and storied heritage, earning the distinction of one of America’s Historically Black Colleges and Universities (HBCUs). The university started out with highly acclaimed education and agricultural programs, and today, has expanded into the fields of science and modern technology.

Out-of-State Tuition vs. In-State Tuition Rates

Tuition is generally lower for residents of Delaware attending schools within the state. For example, the University of Delaware’s tuition rates for the academic year of 2014-2015 were $12,342 for undergraduate resident students while out-of-state students paid tuition rates of $30,692 for the same year.

Delaware is one of 15 states that participates in the Southern Regional Education Board (SREB) program, inviting residents to seek degree options not offered at schools in their home state at participating out-of-state schools for in-state tuition rates. This means that if you want to get a degree in a field of study not offered at a school in Delaware, you can expand your search radius out of state and still pay resident tuition rates. The SREB’s Academic Common Market offers 1,900 graduate and undergraduate degree programs to choose from among the 15 states and their participating colleges and universities. To apply for this program, you must first certify that you are resident of Delaware and choose an eligible program through the Academic Common Market. You will then need to complete an application through your chosen college or university. Student loans may be available to offset remaining costs.