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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, 2014 and prior to July 1, 2015

Direct Subsidized Loan is fixed at 4.66.%
Unsubsidized Loan interest rate is fixed at
4.66.%
PLUS Loan interest rate is fixed at 7.21.%

Direct Loan Origination Fees:
Loans Disbursed between October 1, 2014 and before October 1, 2015 

Direct Subsidized Loan is fixed at 1.073%
Unsubsidized Loan interest rate is fixed at
1.073%
PLUS Loan interest rate is fixed at 4.292%