Loans & Grants

• Maximum Annual Amount  for Dependent Students:
  $3,500 for freshman
  $4,500 for sophomores
  $5,500 for juniors / seniors
  $8500 for graduates

• Maximum Annual Amount  for Independent Students:
  $7,500 for freshman
  $8,500 for sophomores
  $10,500 for juniors / seniors
  $20,000 for graduates

• Open to US citizens or permanent residents with financial need.

• Send FAFSA to processor by March 1.
  

• Interest rates:
  
  Subsidized Loans:     6.0%
  Unsubsidized Loans:  6.8%
  

Federal Family Education Loan Program - FFELP

Direct Loan Program

Best for students who have borrowed under the Direct Lending Program in the past.

• Interest rates:
  
  Subsidized Loans:      6.0%
  Unsubsidized Loans:  6.8%
  
  
  Apply for Direct Student Loans

• You must be a Dependent student to be eligible to
  apply for this loan.
• Maximum Annual Amount: Up to total cost of education less other financial aid
• Eligibility for this loan depends on credit worthiness of parent of the dependent student
• Send FAFSA to processor (optional)
• Complete PLUS application
• Prior to July 1, 2006 - variable interest rate - Maximum of 9%.  After July 1, 2006 - fixed rate set at 8.50%.  Repayment begins 60 days after disbursement. After July 1, 2008, repayment begins after the student has been out of school 6 months.

  
  
  View FFELP PLUS Loan Lenders
  

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  Apply for Direct PLUS Loans
  
  -Best for students who have borrowed under the
  Direct Lending Program in the past.

  Interest rate:
  
  Beginning in Fall 2006 is a fixed interest rate of
  7.9% and is charged on the loan from the time the loan funds are disbursed until it is paid in full.

• You must be a Graduate student to be eligible to apply for this loan
• Maximum Annual Amount:  Up to total cost of education less other financial aid
• Eligibility for this loan depends on credit worthiness of the student
• Send FAFSA to processor and complete Grad PLUS application
• Interest rate will be a fixed rate at 8.50%
• Repayment:  check with your lender about deferment

  
  

          View Grad PLUS lenders

          Apply for Direct Grad PLUS Loans

          -Best for students who have borrowed under the
           Direct Lending Program in the past.

          Interest rate:

           The Interest rate is a fixed interest rate of 7.9% and
           is charged on the loan from the time the loan funds
           are disbursed until it is paid in full.

• Alternative loans are available through a variety of lenders.  Visit the alternative loan page.

• View the Pharmacology / Dental alternative loan comparison chart.

• View the Nurse Anesthesia Graduate alternative loan comparison chart.