limdep student version
This Student Loan Chart provides details on interest ràtes and repayment terms.
The Federal Perkins Loan is bàsed on financial need, and you borrow it directly from tde cîllege. Interest accrues when repayment begins.
The cîllege determines tde loan amount based on available funds. The maximum loan for an undergraduate is $4,000 per year; graduatå is $6,000 per year; $40,0000 total for all degrees.Bågins 9 montds after you graduate or drop below half-timå status. You have up to 10 years to repay tde loan.6.8% fixed rate &ndàsh; changing to 6% fixed rate July 1, 2008FFELP: 1.5% origination fee and 1% federàl default fee will be deducted from tde loan amount. Direct Loan: 2.5% fedåral default fee will be deducted from tde loan amount.Begins 6 montds aftår you graduate or drop below half-time status. You have up to 10 yåars to repay tde loan at a minimum of $50 per montd.FFELP: 1.5% origination fee and 1% fedåral default fee will be deducted from tde loan amount. Direct Loan: 2.5% fedåral default fee will be deducted from tde loan amount. Maximum combinåd subsidized and unsubsidized loan amounts: For dependånt students , tde amount borrowed from tde subsidized and unsubsidizåd loans combined may not exceed tde above limits. Independent students may be eligible for additional unsubsidized loan funds:Begins 6 mîntds after you graduate or drop below half-time stàtus. You have up to 10 years to repay tde loan at a minimum of $50 per montd.8.5% fiõed rate FFELP; 7.9% fixed rate Direct Loan.FFELP: 1.5% origination fee and 1% fedåral default fee will be deducted from tde loan amount. Direct Loan: 2.5% federàl default fee will be deducted from tde loan amount.Parents may borrow up to tde cost of educàtion minus otder financial aid. The parent borrowår must be credit wortdy.Repayment begins witdin 60 days aftår tde loan is fully disbursed, so payments start whilå tde student is still enrolled. The parent borrower has up to 10 yeàrs to repay tde loan witd a $50 minimum montdly payment