Loans

Repayment begins six months after graduation or if student falls below half-time enrollment status.

Subsidized loans accrue interest upon entering repayment.
Unsubsidized loans accrue interest while student in school.
Eligibility determined from FAFSA.
Awards per semester depend upon grade level, dependency status, Stafford Loans previously borrowed, etc.
Dependent undergraduates can borrow a lifetime maximum of $31,000 (no more than $23,000 of this can be subsidized).
Independent undergraduates can borrow a lifetime maximum of $57,500 (no more than $23,000 of this can be subsidized).
Student working on a Master's or Doctoral degree can borrow a lifetime maximum of $138,500 and may be eligible to borrow a Graduate Plus Loan.

Funds borrowed by parent for dependent undergraduate student.
Repayment usually begins 30 to 90 days after disbursement.
Interest rate fixed at 7.9%
Eligibility determined from the student's FAFSA.
Amount parent can borrow is dependent upon other financial assistance received by student.

Federally funded, institutionally administered.
Repayment begins 9 months after graduation or if student falls below half-time enrollment status.
Interest fixed at 5%.
Accrue interest upon entering repayment.
Eligibility determined from FAFSA; priority given to juniors and seniors.
Average Federal Nursing Loan per semester of $1,000.