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Federal Perkins Loan
Federal Nursing Loan
Federal Direct Subsidized Stafford Loan
Federal Direct Unsubsidized Stafford Loan - (Dependent Students)
Federal Direct Unsubsidized Stafford Loan - (Independent Students)
Federal Direct Parent PLUS Loan

Federal Perkins Loan
FAFSA Required?
Yes
Need-Based?
Yes
Range of Awards
Varies
Interest Rate
5%
Repayment Begins
9 months after graduation/ separation or below half-time enrollment.
Aggregate limits
$27,500


Federal Nursing Loan
FAFSA Required?
Yes
Need-Based?
Yes
Range of Awards
Varies
Interest Rate
5%
Repayment Begins
9 months after graduation/ separation or below half-time enrollment.
Aggregate limits
$13,000


Federal Direct Subsidized Stafford Loan
FAFSA Required?
Yes
Need-Based?
Yes
Range of Awards
Freshmen: $3,500
Sophomores: $4,500
Juniors and Seniors: $5,500
Interest Rate
Effective July 1, 2013 interest rate is 3.86%
Repayment Begins
Loan repayment begins 6 months after graduation or below half-time enrollment.
Aggregate limits
$23,000
Additional Information
  • Effective July 1, 2012, interest will begin accruing upon graduation or dropping below half-time enrollment.
  • Beginning December 1, 2013 the loan origination fees for the Direct Stafford Loan will be increased from 1.051% to 1.072%.


  • Federal Direct Unsubsidized Stafford Loan (Dependent Students)
    FAFSA Required?
    Yes
    Need-Based?
    No
    Range of Awards
    All Grade Levels: $2,000
    Students Not Eligible for Subsidized Loans May Receive an Additional:
    Freshmen: $3,500
    Sophomores: $4,500
    Juniors and Seniors: $5,500
    Interest Rate
    Effective July 1, 2013 interest rate is 3.86%
    Repayment Begins
    6 months after graduation or below half-time enrollment.
    Aggregate limits
    $31,000 combined Dependent total for Subsidized and Unsubsidized
    Additional Information
    Beginning December 1, 2013 the loan origination fees for the Direct Stafford Loan will be increased from 1.051% to 1.072%.
    Interest accrues from the day the loan is disbursed.


    Federal Direct Unsubsidized Stafford Loan (Independent Students)
    FAFSA Required?
    Yes
    Need-Based?
    No
    Range of Awards
    Freshmen:$6,000 (Up to $9,500 if student is not eligible for subsidized loans)
    Sophomores: $6,000(Up to $10,500 if student is not eligible for subsidized loans)
    Juniors and Seniors: $7,000 (Up to $12,500 if student is not eligible for subsidized loans)
    Interest Rate
    Effective July 1, 2013 interest rate is 3.86%
    Repayment Begins
    6 months after graduation or below half-time enrollment.
    Aggregate limits
    $57,500 combined Independent total for Subsidized and Unsubsidized
    Additional Information
    Beginning December 1, 2013 the loan origination fees for the Direct Stafford Loan will be increased from 1.051% to 1.072%.
    Interest accrues from the day the loan is disbursed.


    Federal Direct Parent PLUS Loan
    FAFSA Required?
    Yes, effective Fall 2011
    Need-Based?
    No
    Range of Awards
    Eligible parents can borrow up to the total annual cost of attendance less other financial assistance.
    Interest Rate
    Effective July 1, 2013 interest rate is 6.41%
    Repayment Begins
    60 days after the loan is fully disbursed.
    Aggregate limits
    None
    Additional Information
    Beginning December 1, 2013 the loan origination fees for the Direct PLUS Loan will be increased from 4.204% to 4.288%.



     

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