Kinds of Loans

A valuable resource for many students and their families in financing a college education, loans allow you to postpone paying some of your educational costs while you are in school. Some loans require demonstration of financial need and repayment does not begin until after you cease to be enrolled at least half-time (less than six hours per semester). Other loans are available to you and your parents regardless of financial need and offer various repayment options.

• Loans based on need
  FEDERAL PERKINS LOAN PROGRAM
  FEDERAL DIRECT LOAN (SUBSIDIZED)

• Loans not based on need
  FEDERAL DIRECT LOAN (UNSUBSIDIZED)
  PLUS LOAN for PARENTS
  PRIVATE EDUCATIONAL LOANS

• Helpful Tools
  EXPENSE PLANNER
  LOAN REPAYMENT CALCULATOR
  LIBOR AND PRIME INTEREST RATES

For 2012-13
Direct Subsidized Loan is fixed at 3.4%.
Unsubsidized Loan interest rate is fixed at 6.8%
PLUS Loan interest rate is fixed at 7.9%