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Know before you borrow.

Understand all of your borrowing options. If you have any questions, don't hesitate to contact us.

Depending on your level of need, you can apply for a Federal Unsubsidized Loan, a Federal Grad PLUS loan, or a combination of private and alternative loans. Before accepting any loan, make sure you have a clear understanding of the interest you'll pay on it as well as your repayment plan options.

  Federal Direct Unsubsidized Loan Federal Direct Grad Plus Loan Private /Alternative Loan
Interest Rate Fixed at 5.84% between 7/1/15- 6/30/16 (Interest accrues from the date of disbursement) Fixed at 6.84% between 7/1/15 - 6/30/16 (Interest accrues from the date of disbursement) Variable (Interest accrues from the date of disbursement)
Fees Fees for origination can change yearly current fee is 1.068% 10/1/15  - 09/30/16  Fees for origination can change yearly current fee is 4.272% 10/1/15  - 09/30/16  Fees vary based on lender, loan type and credit history.
Annual Loan Limits

Non health professional graduate students can borrow $20,500.00. Health professional student can borrow up to HEAL loan limits

Up to the total cost of attendance minus other financial aid received. Depends on lender and credit history
Credit Requirements No credit check
No cosigner required
No debt-to-income scoring
Credit check required
Cosigner may be required
No debt-to-income scoring
Credit check required
Cosigner may be required
Debt-to-income scoring may be required
Deferment/Forbearance Available Available Depends on Lender
Repayment Grace period is 6 months after graduation or last day of attendance.
Maximum term 10 to 25 years.
No grace period
Repayment begins within 60 days after final disbursement.
Maximum term 10 to 25 years.
No grace period
Repayment terms vary

Loan Amounts

The maximum amount you can borrow in a single academic year cannot exceed the total Cost Of Attendance (COA) for that specific year.

Loan Initiation and Disbursal

To receive Federal Direct Loans (Unsubsidized and Grad Plus Loans) all students must complete a FAFSA, entrance counseling for graduate students and a master promissory note for each type of loan.

For Private/Alternative Loans

Once you have selected a lender for your private/alternative loans, you should visit their website and follow instructions to sign an eMPN and initiate your loans. Follow up with the Financial Aid Office once you’ve received confirmation from the lender that certification is required.

Funds Disbursal

Students typically receive two loan disbursements, one in the fall and one in the spring. Students must have the option of receiving their funds by direct deposit, bank card or hard copy check mailed to their home.  Please note you must be registered and the semester must begin before any anticipated refund is disbursed.