Loan Information

 

Perkins Loan - government subsidized

Based on financial need (FAFSA).

Interest is fixed at 5% & starts 9 months after graduation.

Repayment starts 9 months after graduation.

 

Stafford Loan - government subsidized

Based on financial need (FAFSA).

Interest is fixed at 6% & starts 6 months after graduation.

Repayment starts 6 months after graduation.

 

Stafford Loan - unsubsidized

Not based on financial need.

Interest is fixed at 6.8% & accrues during school.

Repayment starts 6 months after graduation.

 

Parent PLUS Loan - unsubsidized

Not based on financial need.

Direct PLUS - Interest is fixed at 7.9% & accrues during school.

FFEL PLUS - Interest is fixed at 8.5% & accrues during school.

Repayment starts 60 days after disbursement or 6 months after graduation.

 

Visit www.finaid.org/loans for more information.