2017-18 Loan Overview

In compliance with SB 1289, we are providing the following disclosure about loans:
 
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.
 
Name Interest Rate Fees Grace Period (months) Interest Accrual Begins Deferrable during Residency Repayment Begins Can be included in a federal consolidation loan
*Federal Direct Subsidized and Unsubsidized for Undergraduates

4.45% (disbursed on or after 7/1/2017)

1.069%
(disbursed before 10/1/2017)
 

6 At end of grace period No At end of grace period Yes
*Federal Direct Unsubsidized for Graduate Students

6.0% (disbursed on or after 7/1/2017)

1.069%
(disbursed before 10/1/2017)

 

6 At disbursement No At end of grace period Yes
*Federal Direct Graduate PLUS Loans

7.0% (disbursed on or after 7/1/2017)

4.272%
(disbursed before 10/1/2017)

 

No grace, however there is a 6 month post enrollment deferment At disbursement No Six months after ceasing being enrolled at least half-time Yes
               
University Loan 5.0% 0% 6 At the end of grace period Yes At the end of grace period No
Health Professions Loan 5.0% 0% 12 At the end of grace period Yes At the end of grace period Yes
Loan for Disadvantaged Students 5.0% 0% 12 At the end of grace period Yes At the end of grace period Yes
Nursing Student Loan 5.0% 0% 9 At the end of grace period N/A At the end of grace period Yes
Primary Care Loan 5.0% 0% 12 At the end of grace period Yes At the end of grace period No

You are not required to make any payments while enrolled at least half-time in school and during your grace period.  Interest on your Federal Direct Unsubsidized and Graduate PLUS Loans will continue to accrue if you don't make any payments, and the accrued interest will then be capitalized (added to the principal balance) when your loan enters repayment (after your grace period is exhausted).

* This loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by student, guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

 

All information contained herein is subject to change; please contact your loan servicer and click below for more details.

Detailed Loan Information