Loan Info

• The current repay rate is 5.99% and 5.39% during the in-school and deferment periods.
• Subsidized

• Unsubsidized-Interest starts during school

REPAY-starts within 6 months after leaving school or dropping below half-time enrollment status

Federal PLUS Loan

• For parents with low interest capped at 9%, currenlty 6.79%

REPAY-starts within 60 days after last disbursement of loan

Federal Perkins Loan

• Combined funds from government and school for extreme need
• Interest rate is 5%

REPAY-starts 9 months after leaving school or dropping below half-time enrollment status.

Consolidated Loan

• Combine Federal loans to one lender
• Interest rate is the average of combined loans rounded to the nearest 1/8 of a %
• Interest rate capped at 8.25%
• Lower monthly payments

Private/Alternative Loan

• For independent students and parents of dependent students
• Higher costs than Federal education loans
• May have more flexible repayment provisions

REPAY-starts 6 months after leaving school or dropping below half-time enrollment status

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