Educational Loans
Educational Loans
July 2023 - July 2024
| Loans | Who may receive this loan? | Current Interest Rate? | Does the government pay the interest? | Loan Fees? | When do I begin repayment? |
|---|---|---|---|---|---|
| Direct Subsidized Loans | Undergraduate students enrolled at least half-time and have financial need. |
On or after 7/1/2023 & before 7/1/2024 - Undergraduates: 5.50% |
Yes, but only while you are enrolled at least half-time and during the grace period |
On or after 10/1/2020 and before 10/1/2024 the fee will be 1.057%. |
6 months after you graduate or drop below half-time enrollment. |
| Direct Unsubsidized Loans | Undergraduate students and graduate students enrolled at least half-time. |
On or after 7/1/2023 & before 7/1/2024 - Undergraduates: 5.50% |
No, you are responsible for all interest accrued from the time of the first disbursement. |
On or after 10/1/2020 and before 10/1/2024 the fee will be 1.057%.
|
6 months after you graduate or drop below half-time enrollment. |
| Direct PLUS Loans | Graduate students and parents of dependent undergraduate students enrolled at least half-time. |
On or after 7/1/2023 & before 7/1/2024 - Parents of Dependent Undergraduates: 8.05% |
No, you are responsible for all interest accrued from the time of the first disbursement. |
On or after 10/1/2020 and before 10/1/2024 the fee will be 4.228%. |
Parent: Immediately after the loan is fully disbursed, unless otherwise requested Grad: 6 months after you graduate or drop below half-time enrollment |
| Private Loans | 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.
July 2022 - July 2023
| Loans | Who may receive this loan? | Current Interest Rate? | Does the government pay the interest? | Loan Fees? | When do I begin repayment? |
|---|---|---|---|---|---|
| Direct Subsidized Loans | Undergraduate students enrolled at least half-time and have financial need. |
On or after 7/1/2022 & before 7/1/2023 - Undergraduates: 4.99% |
Yes, but only while you are enrolled at least half-time and during the grace period |
On or after 10/1/2020 and before 10/1/2023 the fee will be 1.057%. |
6 months after you graduate or drop below half-time enrollment. |
| Direct Unsubsidized Loans | Undergraduate students and graduate students enrolled at least half-time. |
On or after 7/1/2022 & before 7/1/2023 - Undergraduates: 4.99% |
No, you are responsible for all interest accrued from the time of the first disbursement. |
On or after 10/1/2020 and before 10/1/2023 the fee will be 1.057%.
|
6 months after you graduate or drop below half-time enrollment. |
| Direct PLUS Loans | Graduate students and parents of dependent undergraduate students enrolled at least half-time. |
On or after 7/1/2022 & before 7/1/2023 - Undergraduates: 7.54% |
No, you are responsible for all interest accrued from the time of the first disbursement. |
On or after 10/1/2020 and before 10/1/2023 the fee will be 4.228%. |
Parent: Immediately after the loan is fully disbursed, unless otherwise requested Grad: 6 months after you graduate or drop below half-time enrollment |
| Private Loans | 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.