Federal Perkins Loan Awarded based on exceptional need. Interest is subsidized and fixed at 5%. No fees. Repayment begins 9 months after graduation or dropping below half-time enrollment status.
Federal Stafford Loan-Subsidized - Interest accrues starting 6 months after graduation. Fixed interest rate is 4.5%. 1% fees. Unsubsidized - Interest accrues during school. Fixed interest rate is 6.8%. 1% fees. Repayment begins 6 months after graduation or after dropping below half-time enrollment status.
Federal Parent PLUS Loan-Direct PLUS fixed interest rate is 7.9% with 4% fees. Repayment begins 60 days after full disbursement, or 6 months after student graduated or drops below half-time. Interest continues to accrue during deferment.