loans
Federal Subsidized Stafford Loan
These fixed interest rate student loans (5.5% for 2009-2010) have a 10 year repayment period, and repayment is deferred until graduation. 2008-2010 Annual loan limits range from $3,500 to $5,500 depending on student's class level.
Federal Unsubsidized Stafford Loan
Students who have not borrowed up to the annual loan limit on the subsidized program may borrow the remaining amount on this federal program. Annual loan limits range from $3,500 to $5,500 depending on student's class level. Independent students may borrow an additional $4,000 - $5,000 depending on class level. Beginning from the 2008-2009 school year, all dependent undergraduate students are eligbile to receive an additional $2000 in the Federal Unsubdized Loan Program.
The Federal Perkins Loan
These low interest (5%) student loans have a 10 year repayment period, and repayment is deferred until after graduation.
Information about Perkins Loan Rehabilitation
The Federal Parent PLUS Loan
Credit-worthy parents of undergraduate students may borrow up to the cost of attendance per year less the amount of any other financial aid the student is receiving.
- To view a current list of preferred lenders please visit ELM Select
