Details:
- Must be enrolled at least half-time
- Must be meeting Satisfactory Academic Progress (SAP)
- Repayment begins when you graduate or cease to be enrolled at least half time for a period of at least six months
- 10-year repayment
- Borrower is responsible for accrued interest while in school, during deferment, and grace period
- Federal loan, not based on financial need
Undergraduate Interest Rates:
- The interest rate for loans disbursed July 1, 2017 - June 30, 2018 is 4.45%.
- The interest rate for loans disbursed July 1, 2018 - June 30, 2019 is not yet available.
Undergraduate Origination Fees:
- The origination fee for loans disbursed between Oct. 1, 2017 - Sept. 30, 2018 is 1.066%.
- The origination fee for loans disbursed between Oct. 1, 2018 - Sept. 30, 2019 is not yet available.
Graduate/Professional Student Interest Rates:
- The interest rate for loans disbursed July 1, 2017 - June 30, 2018 is 6.00%.
- The interest rate for loans disbursed July 1, 2018 - June 30, 2019 is not yet available.
Graduate/Professional Student Origination Fees:
- The origination fee for loans disbursed between Oct. 1, 2017 - Sept. 30, 2018 is 1.066%.
- The origination fee for loans disbursed between Oct. 1, 2018 - Sept. 30, 2019 is not yet available.
How to Apply:
Amount:
Undergraduate Dependent:
- Freshman: $5,500*
- Sophomore: $6,500*
- Junior/Senior: $7,500*
- Aggregate Undergraduate Total Sub and Unsubsidized: $31,000 (no more than $23,000 may be sub)
Undergraduate Independent:
- Freshman: $9,500*
- Sophomore: $10,500*
- Junior/Senior: $12,500*
- Aggregate Undergraduate Total Sub and Unsubsidized: $57,500 (no more than $23,000 may be sub)
Graduate/Professional:
- Annual: $20,500
- Aggregate: $138,500*
Deadline:
For 2017-18 processed in dated order through April 20, 2018
For 2018-19 processed in dated order through April 19, 2019
*Less Federal Subsidized eligibility