LOAN PROGRAMS
To assist you in understanding financial aid and calculating the amount of a student loan, please
refer to the following websites:
| Federal Unsubsidized Stafford Loan | Federal Grad PLUS Loan | Private / Alternative Loan | |
| Interest Rate | Fixed at 6.8% (Interest accrues from the date of disbursement) |
Fixed at 7.9% (Interest accrues from the date of disbursement) |
Variable (Interest accrues from the date of disbursement) |
| Fees | Fees for origination vary from 0 - 2.5% | Fees for origination vary from 0 - 4% | Fees vary based on lender, loan type and credit history. |
| Annual Loan Limits | $20,500.00 - Masters in Health Science |
Up to the total cost of attendance minus other financial aid received. | Depends on lender and credit history |
| Credit Requirements | No credit check No cosigner required No debt-to-income scoring |
Credit check required Cosigner may be required No debt-to-income scoring |
Credit check required Cosigner may be required Debt-to-income scoring may be required |
| Deferment/Forbearance | Available | Available | Depends on lender |
| Repayment | Grace period is 6 months after graduation or last day of attendance. Maximum term 10 to 25 years |
No grace period Repayment begins within 60 days after final disbursement. Maximum term 10 to 25 years |
No grace period Repayment terms vary |