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Summary Student Loan Chart

Federal Student
Loan Program		 Type of Aid Other
Information		 Annual
Award Limits		 Disbursement

Federal Perkins Loans

for undergraduate and graduate students who meet financial need and enrollment criteria

 

more information from Dept. of Ed.

Loan:
must be repaid.

You may consolidate your loans after school for extended repayment terms that lower your monthly payment

view terms at our student loan consolidation site: click here

These are low-interest rate loans (5%) available to students with exceptional financial need.

The loan does not charge origination fees.

See our Aid Steps for more information

$4,000 for undergraduate students

$6,000 for graduate students

Maximum amount:
$40,000

Direct Loans:
The federal government provides funds to schools.

The school then disburses funds to the student after payment of tuition and other school expenses.

FFEL:
Private lenders and banks provide funds to schools.

The school then disburses funds to the student after payment of tuition and other school expenses.

Subsidized
Stafford Student Loans

for undergraduate and graduate students

who meet financial need and enrollment criteria

more product info

view special benefits via our partner

Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payment

view terms at our student loan consolidation site: click here

 

Subsidized:
The Federal Government pays the interest while the student is in school and during grace and deferment periods.

Limited Requirements
• co-borrower: NO
• credit check: NO
• collateral: NO

Rates:
view rates

Amounts:
$2,625 to $18,500 annually, depending on grade level

Maximum Limit:
view chart

Unsubsidized
Stafford Student Loans

for undergraduate and graduate students

who meet financial need and enrollment criteria

more product info

view special benefits via our partner

Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments

view terms at our student loan consolidation site: click here

Unsubsidized:
The borrower is responsible for interest during the life of the loan

Requirements:
• co-borrower: NO
• credit check: NO
• collateral: NO

Rates:
view rates

Amounts:
$2,625 to $18,500 annually, depending on grade level

Maximum Limit:
view chart

PLUS Loan

Available to parents of dependent undergraduate students

more product info

view special benefits via our partner

Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments

view terms at our student loan consolidation site: click here


 Requirements:*
• co-borrower: NO
• credit check: Yes
• collateral: NO

* Borrower must have a satisfactory credit. Parents who don't have satisfactory credit should apply with a creditworthy co-borrower.

Rates:
view rates

 Amounts:
Cost of attendance minus any other financial aid received

Grad PLUS Loan

Available to graduates and professional students

more product info

view special benefits via our partner

Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments

view terms at our student loan consolidation site: click here


 Requirements:*
• co-borrower: NO
• credit check: Yes
• collateral: NO

* Borrower must have a satisfactory credit. Students who don't have satisfactory credit should apply with a creditworthy co-borrower.

Rates:
view rates

 Amounts:
Cost of attendance (includes tuition, room and board, books, and even travel) minus any financial aid received.
Private
Loan Programs		 Type of Aid Other
Information		 Annual
Loan Limits		 Disbursement

Private
Student Loans

for undergraduate, graduate, and continuing education students

more product info

Loan:
must be repaid

You may consolidate your private student loans after school for extended repayment terms that lower your monthly payments

Qualifications:
Available to undergraduate, graduate, and continuing ed students enrolled in a degree or certificate program at an approved college or university

Requirements*:
• co-borrower: NO*
• credit check: Yes*
• collateral: NO

* Borrower must have at least 21 months credit experience and a satisfactory credit history. Borrowers who don't meet these credit requirements should apply with a creditworthy co-borrower.

Amounts:
$1,500 to $40,000
see loan limits

the five-year maximum is $130,000

 Funds disbursed directly to the student

Home
Equity Loans

for homeowners with equity value in their home

more product info

 Loan:
must be repaid

Qualifications:
Available to homeowners with an equity position at qualified LTV ratios:

calculate your LTV position

Requirements*:
• co-borrower: NO*
• credit check: Yes*
• collateral: Yes

* Borrower must have a satisfactory credit. Borrowers who don't have satisfactory credit should apply with a creditworthy co-borrower.

 Amounts:
no annual limits. Total amount limited by the approved balance upon loan closing.

Home equity lines:
funds available whenever needed upon writing a check.

Banker line of credit:
use as your primary money account to pay education costs.

Home equity loans:
total funds disbursed to the homeowner upon closing.
College Aid
Programs		 Type of Aid Other
Information		 Annual
Award Limits		 Disbursement
Federal
Pell Grant		 Grant: does not have to be repaid Available to undergraduates only Up to $4,000 School acts as the U.S. Department of Education's agent
Federal Supplemental Educational Opportunity Grant (FSEOG) Grant: does not have to be repaid Available to undergraduates only; check to see if you school participates in campus-based programs Up to $4,000 School disburses funds to students

Federal
Work-Study

 Money is earned: does not have to be repaid Available to undergraduates and graduates; check to see if your school participates in campus-based programs No annual maximum School disburses earned funds to students

Student Loan Application

financial aid charts

Private Student Loans