Educational Loans

Federal Loan Programs 2014-2015

Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans Federal Perkins Loans
Who may receive this loan? Undergraduate students with financial need. Undergraduate students and graduate students Graduate students and parents of dependent undergraduate students. Undergraduate and graduate students with exceptional financial need
What is the Current Interest Rate? 4.66% Undergraduates: 4.66%
Graduates: 6.21%
7.21% 5.0%
The government pays your interest... While you are enrolled at least half-time and during the grace period. You pay all interest during all periods. You pay all interest during all periods. While you are enrolled at least half-time and during the grace period.
What are the loan fees? 1.073% 1.073% 4.292% N/A
When do I begin repayment? 6 months after you graduate or drop below half-time enrollment 6 months after you graduate or drop below half-time enrollment PLUS loans enter repayment when they are fully disbursed 9 months after you graduate or drop below half-time enrollment

Private Student Loans

Students may use private, credit-based loans if they have exhausted their federal loan eligibility. Contact the Financial Aid Office to determine your private student loan eligibility.

Additional Loan Information

Loan Resources