Educational Loans

Educational Loans

Educational Loans

July 2019 - July 2020

Loans Who may receive this loan? Current Interest Rate? Does the government pay the interest? Loan Fees? When do I begin repayment?
Undergraduate students enrolled at least half-time and have financial need. 4.53% Yes, but only while you are enrolled at least half-time and during the grace period

1.062%

On or after 10/1/2019 and before 10/1/2020 the fee will be 1.059%.

6 months after you graduate or drop below half-time enrollment.
Undergraduate students and graduate students enrolled at least half-time. Undergraduates: 4.53%
Graduates: 6.08%
No, you are responsible for all interest accrued from the time of the first disbursement.

1.062%

On or after 10/1/2019 and before 10/1/2020 the fee will be 1.059%.

6 months after you graduate or drop below half-time enrollment.
Graduate students and parents of dependent undergraduate students enrolled at least half-time. Undergraduates: 7.08%
Graduates: 7.08%
No, you are responsible for all interest accrued from the time of the first disbursement.

4.248%

On or after 10/1/2019 and before 10/1/2020 the fee will be 4.236%.

Parent: Immediately after the loan is fully disbursed, unless otherwise requested Grad: 6 months after you graduate or drop below half-time enrollment
Varies by lender. Varies by lender. No, you are responsible for all interest accrued from the time of the first disbursement. Contact the Financial Aid Office to Determine Your private student loan eligibility. Varies by lender.

*Click on the loan type to get more information.

Loan Resources

Direct Loan Entrance and Exit Counseling

Master Promissory Note

Various Forms for Loan Deferment, Forbearance, and Cancellation

Direct Loan Repayment Calculator