Federal Direct Loans

Subsidized

• 2.75% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
• Subsidized (no interest) while the student is enrolled at least half-time and during the grace period.
• Need-based; check your financial aid offer to see if you’re eligible.
• Learn more about Federal Direct Loans.
  

Unsubsidized

• The fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021:
  • For undergraduate students: 2.75%.
  • For graduate and law students: 4.30%.
• Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
• Not need-based; check your award notification for the amount.

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Federal Direct PLUS Loans for Parents of Undergraduate Students

• 5.30% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
• Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
• Not need-based; may borrow up to the cost of attendance minus all other financial aid.
• Learn more about the Federal Direct PLUS Loan for Parents.

Federal Direct PLUS Loans for Grad & Law Students

• 5.30% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
• Unsubsidized: interest starts accruing right away.
• Not need-based; may borrow up to Cost of Attendance minus all other financial aid.
• Learn more about Federal Direct PLUS Loans for Grad and Law Students.

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Private Loans

• Interest rate: variable, depends on borrower’s credit.
• Unsubsidized: interest starts accruing right away.
• Not need-based; may borrow up to Cost of Attendance minus all other financial aid.
• Learn more about Private Loans.

Bar Study Loans

• Interest rate: variable; depends on borrower’s credit.
• The borrower must be a 3rd or 4th-year law student.
• Learn more about Bar Study Loans.

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