Loans
Federal Perkins Loan
Federal Direct Subsidized / Unsubsidized Stafford Loan
Federal Direct Unsubsidized Stafford Loan
Federal Direct GRAD PLUS Loans
FAFSA Required? |
Yes |
Need-Based? |
Yes |
Range of Awards |
$6,000 annual limit |
Interest Rate |
5% |
Repayment Begins |
9 months after graduation or below half-time enrollment. |
Aggregate limits |
$40,000 |
FAFSA Required? |
Yes |
Need-Based? |
Yes |
Range of Awards |
$8,500 annual limit |
Interest Rate |
Fixed rate of 6.8% |
Repayment Begins |
6 months after graduation or below half-time enrollment. |
Aggregate limits |
$65,500 Subsidized including any undergraduate loans. |
Additional Information
Beginning July 1, 2012: Graduate students are no longer eligible to receive Federal Direct Subsidized Stafford Loans. Annual loan limits will remain unchanged, but the loan will now be limited to Direct Unsubsidized Stafford Loans. The up-front rebate will be eliminated. As a result, the origination fee will increase from 0.5% to 1%. | |
FAFSA Required? |
Yes |
Need-Based? |
Yes |
Range of Awards |
$12,000 annual limit |
Interest Rate |
Fixed rate of 6.8% |
Repayment Begins |
6 months after graduation or below half-time enrollment. |
Aggregate limits |
$73,000 Unsubsidized including any undergraduate loans. |
Additional Information
Beginning July 1, 2012 the up-front rebate will be eliminated. As a result, the origination fee will increase from 0.5% to 1%.
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FAFSA Required? |
Yes |
Need-Based? |
No |
Range of Awards |
Students may borrow up to the total annual cost of attendance less other financial assistance. |
Interest Rate |
Fixed rate of 7.9% |
Repayment Begins |
Payment is not required while enrolled at least half time. |
Aggregate limits |
None |
Additional Information
Beginning July 1, 2012 the up-front rebate will be eliminated. as a result, the origination fee will increase from 2.5% to 4.0%.
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