Summary Loan Chart

index of available college aid options

Federal Student Loans	Type of Aid	Other Information	Annual Award Limits	Disbursement
Federal Perkins Loans for undergraduate and graduate students who meet financial need and enrollment criteria	Loan: must be repaid. You may consolidate your loans after school for extended repayment terms that lower your monthly payment	These are low-interest rate loans (5%) available to students with exceptional financial need. The loan does not charge origination fees. See our Aid Steps for more information	$5,500 for undergraduate students $8,000 for graduate students Maximum amount: $60,000	Direct Loans: The federal government provides funds to schools. The school then disburses funds to the student after payment of tuition and other school expenses. FFEL Loans: no longer available for loans disbursed after July 01, 2010.
Subsidized Stafford Student Loans for undergraduate and graduate students who meet financial need and enrollment criteria more product info you must apply through your school	Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payment.	Subsidized: The Federal Government pays the interest while the student is in school and during grace and deferment periods. Limited Requirements no co-borrower no credit check no collateral Rates: view rates	Amounts: $3,500 to $5,500 annually, depending on grade level Maximum Limit: see loan chart
Unsubsidized Stafford Student Loans for undergraduate and graduate students who meet financial need and enrollment criteria more product info you must apply through your school	Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments	Unsubsidized: The borrower is responsible for interest during the life of the loan Limited Requirements no co-borrower no credit check no collateral Rates: view rates	Amounts: $5,500 to $20,500 annually, depending on grade level (minus any unsubsidized loans) Maximum Limit: see loan chart
PLUS Loan Available to parents of dependent undergraduate students more product info you must apply through your school	Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments	Limited Requirements no co-borrower yes credit check no collateral Rates: view rates * Borrower must have a satisfactory credit. Parents who don't have satisfactory credit should apply with a credit-worthy co-borrower. Rates: view rates	Amounts: Cost of attendance minus any other financial aid received
Grad PLUS Loan Available to graduates and professional students more product info you must apply through your school	Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments	Limited Requirements no co-borrower yes credit check no collateral Rates: view rates * Borrower must have a satisfactory credit. Students who don't have satisfactory credit should apply with a credit-worthy co-borrower. Rates: view rates	Amounts: Cost of attendance (includes tuition, room and board, books, and even travel) minus any financial aid received.
Private Loan Programs	Type of Aid	Other Information	Annual Loan Limits	Disbursement
Private Student Loans for undergraduate, graduate, and continuing education students more product info or dial: 1-866-813-7760	Loan: must be repaid You may consolidate your private student loans after school for extended repayment terms that lower your monthly payments	Qualifications: Available to undergraduate, graduate, and continuing ed students enrolled in a degree or certificate program at an approved college or university Limited Requirements* no co-borrower yes credit check no collateral * Borrower must have at least 21 months credit experience and a satisfactory credit history. Borrowers who don't meet these credit requirements should apply with a credit-worthy co-borrower.	Amounts: $1,000 up to the full cost of education as certified by your school	Funds disbursed directly to the student and cosigner after it has been certified by the school, if any
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Home Equity Loans for homeowners with equity value in their home more product info	Loan: must be repaid	Qualifications: Available to homeowners with an equity position at qualified LTV ratios: calculate your LTV position Limited Requirements* no co-borrower yes credit check yes collateral * Borrower must have a satisfactory credit. Borrowers who don't have satisfactory credit should apply with a credit-worthy co-borrower.	Amounts: no annual limits. Total amount limited by the approved balance upon loan closing.	Home equity lines: funds available whenever needed upon writing a check. Banker line of credit: use as your primary money account to pay education costs. Home equity loans: total funds disbursed to the homeowner upon closing.