hope college financial aid    
hope college > campus offices  > financial aid     

Forms <
Financial Aid Basics <
How to Apply <
Cost and Payment <
Loan Information <
Policies to Know <
Multicultural Students <
Nontraditional Students <
Off-Campus Study <
Summer Aid <
Student Employment <
College Tax Benefits
Financial Aid Calendar
Money Matters <
Helpful Links <
Consumer Information <
Contact Us <

Kinds of Loans

A valuable resource for many students and their families in financing a college education, loans allow you to postpone paying some of your educational costs while you are in school. Some loans require demonstration of financial need and repayment does not begin until after you cease to be enrolled at least half-time (less than six hours per semester). Other loans are available to you and your parents regardless of financial need and offer various repayment options.

Interest Rates:

Loans Disbursed between July 1, 2015 and prior to July 1, 2016
Direct Subsidized Loan is fixed at 4.29%
Unsubsidized Loan interest rate is fixed at
PLUS Loan interest rate is fixed at 6.84%

Direct Loan Origination Fees:

Loans Disbursed between October 1, 2014 and September 30, 2015 

Direct Subsidized Loan fee is 1.073%
Unsubsidized Loan fee is
PLUS Loan fee is 4.292%

Loans Disbursed after September 30, 2015
Direct Subsidized Loan fee is 1.068%
Unsubsidized Loan fee is at
PLUS Loan fee is 4.272%