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Loan Terms

How Different Loans Stack Up

     
Subsidized Loans
Applicant Amount Terms
Dependent and Independent Undergrads $2,625–$10,500/yr No interest until repayment. Take up to 10 years to pay, with possible extensions.
Unsubsidized Loans
Applicant Amount Terms
Dependent and Independent Undergrads $2,625–$10,500/yr. Interest charged from disbursement until repayment, and may be capitalized. Take up to 10 years to pay, with possible extensions.
PLUS, Graduate Borrower PLUS Loans
Applicant Amount Terms
Graduate/Professional Students and Parents with Good Credit Cost of attendance minus any other aid received. Take up to 10 years to pay, with possible extensions.
Perkins Loans
Applicant Amount Terms
Undergraduate Students with Exceptional Financial Need $4,000/yr. ($20,000 Total w/two years, $8,000 total Otherwise) No charges unless payment is late; repay the school directly.
Graduate Students with Exceptional Financial Need $6,000/yr. ($40,000 Total, minus any money received as an undergraduate) No charges unless payment is late; repay the school directly.
Private Loans
Applicant Amount Terms
Graduates and Undergraduates Loan Amount Varies Terms vary.