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Office of Financial Aid

Division of Student Affairs

Student Loan Information

  Federal Direct Subsidized Loan Federal Direct Unsubsidized Loan Perkins Loan Federal Direct PLUS Loan (Parent or Grad/Professional)
Interest Rates
(loans disbursed on or after July 1, 2017 and before July 1, 2018)
4.45% (Fixed) Undergraduate: 4.45% (Fixed)
Graduate: 6.00% (Fixed)
5.0% (Fixed) 7.00% (Fixed)
Interest During School Deferred Accrues if not paid Deferred Accrues if not paid
Repayment Grace Period
(after graduating/ leaving school/ dropping below half time)
6 months 6 months 9 months Must apply to Direct Loans for approval for deferred payments.
Processing Fee
(loans disbursed on or after 10/1/16 and before 10/1/17)
1.069% 1.069% 0% 4.276%
FAFSA Required Yes Yes Yes Yes
Satisfactory Academic Progress Standards must be met Yes Yes Yes Yes
Borrower Type Undergraduate Students Undergraduate & Graduate Students Undergraduate & Graduate students Parents of Dependent Undergraduate Students and Graduate/Professional Students

 

Please refer to the Student Aid Website if you have further questions.

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