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Federal Loans

Federal Loans

Type

Amount/Benefits

Comments/Criteria

Federal Direct Unsubsidized Stafford Loan

Up to:

$33,000 9 mo. PsyD

$37,167 12 mo. PsyD

$20,500 PhD, MA

  • Must submit FAFSA
  • Fixed 6.595% interest rate for loans disbursed on or after July 1, 2018 and before July 1, 2019
  • Origination fee of 1.066% for loans first disbursed on or after 10/1/17 and before 10/1/18
  • Interest accrues upon disbursement
  • No payments while enrolled at least half-time and six-month grace period following graduation

Federal Direct PLUS Loan

Up to cost of educational
expenses less other
aid accepted

  • Must submit FAFSA
  • Fixed 7.595% interest rate for loans disbursed on or after July 1, 2018 and before July 1, 2019
  • Origination fee of 4.264% for loans first disbursed on or after 10/1/17 and before 10/1/18
  • Application directly through www.studentloans.gov
Strong Loan $2,000
  • Must submit FAFSA
  • Fixed 3% interest rate
  • Interest does not accrue while enrolled at least half-time
  • No payments while enrolled at least half-time and six-month grace period following graduation
  • Must be under the age of 30