Financial Aid

Loans—Federal GRADPLUS Loans

These are loans from a bank. The Federal government acts as your co-signer. The basic terms of the loans are the same at all lending institutions. Options that can vary are the quality of service (making and collecting the loan) and incentives or options for loan repayment.

Depending on the amount you borrow, you may be dealing with your student loan lender or their servicer for many years. The Financial Aid Office recommends certain lenders because of their high level of service and commitment to the student loan program.

Loan Terms: Interest is a fixed rate of 8.50%. The Standard repayment term is a ten year period. Extended repayment options beyond 10 years are also available.

Repayment may be deferred during school if you remain enrolled at least half-time.