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Loan Information

The Financial Aid Office maintains information about loans available for students from the US. In addition, the office can assist international students in learning about financing options.

William D. Ford Federal Direct Unsubsidized Stafford Loan

Loan Limits: You may borrow up to $40,500 per year for a 9-month academic year (currently the first year of the 4-year OD program and second and third AODP academic periods), $42,722 for a 10-month year (first AODP academic period), or $47,167 for a 12-month year (second, third, and fourth year students and all ASIP students). Your total graduate and undergraduate borrowing from the Stafford Loan programs cannot exceed $224,000.
Interest: The rate is 5.84% for loans first disbursed on or after July 1, 2015 and before July 1, 2016.

Federal Perkins Loans

Loan Limits: The total amount of Perkins you may receive may not exceed $40,000 for a graduate/professional student, including all prior amounts received as an undergraduate. The average annual Perkins Loan at the College is $3,000.
Interest: The loan is interest free until repayment begins; 5% while in repayment.
NOTE: Perkins Loans are scheduled to be eliminated unless Congress restores the program.

Health Professions Student Loan Program (HPSL)

Loan Limits: The average HPSL per year at the College is $4,000.
Interest: The loan is interest free until repayment begins; 5% interest while in repayment.

Loans for Disadvantaged Students (LDS)

Parent information on the FAFSA is required
Loan Limits: The average LDS at the College is $3,000 per year.
Interest: The loan is interest free until repayment begins; 5% interest while in repayment.

Fund for Education Loans

Loan Limits: The loan is limited to first year students and averages $3,000 to $5,000.
Interest: Interest free until repayment begins, 5% fixed rate while in repayment.

Federal Direct Grad PLUS Loan

Loan Limits: The annual limit is the difference between other aid and the cost of attendance.
Interest: The rate for loans first disbursed on or after July 1, 2015 and before July 1, 2016 is 6.84%.