FINANCIAL AID‎ > ‎

Student Loans


Federal Stafford Loans, Subsidized:

Requires demonstrated financial need as shown on the FAFSA
The government pays the interest while you are in school. Based on financial need
Maximum for first year college student is $5,500; of which a maximum of $3,500 can be subsidized
Must be half-time or more in school
The repayment period varies from 10 to 25 years
Six month grace period after graduation

Federal Stafford Loans, Unsubsidized:

Not need-based
You pay interest on the loan from the day you take it out
Maximum for first year college student is $5,500; of which a maximum of $3,500 can be subsidized
Must be half-time or more in school
Repayment period varies from 10 to 25 years
Six month grace period after graduation

Federal Perkins Loans

Requires exceptional financial need based on the FAFSA
Interest rate is generally lower than for Stafford
Not offered by all colleges
Must be half-time or more
Up to $5,500 per year for undergraduates, $27,500 lifetime maximum
Nine month grace period after graduation



Comments