Loans for Students

Federal Subsidized Stafford Loan (Undergraduates Only)

  • Only available to undergraduate students who demonstrate financial need.
  • You must file the FAFSA application to determine eligibility.
  • Interest rate of 5.045% with a 1.066% origination fee on each disbursement. 
  • No payments are required while the student is enrolled in college at least half-time.
  • Interest does not accrue while the student is enrolled in college at least half-time and during grace period.  Interest begins to accrue at the end of the six month grace period upon either graduation or withdrawal from the University and is added to the loan principal at the end of the grace period.
  • Repayment begin six months (grace period) after graduation or withdrawal from University.

Federal Unsubsidized Stafford Loan

  • All students meeting federal eligibility requirements qualify for the unsubsidized Stafford loan regardless of demonstrated need.
  • You must file the FAFSA application to determine eligibility.
  • Interest rate of 5.045% for Undergraduates and an interest rate of 6.595% for Law students with a 1.066% origination fee on each disbursement.
  • No payments required while student is enrolled in school.
  • Interest begins accruing as soon as the loan is disbursed. You are not required to make payments on the interest, but doing so will save you money over the life of the loan.  If you choose to not pay the interest while in school, then the interest is added to the principal balance when the loan enters repayment.
  • Repayment begins six months (grace period) after graduation or withdrawal from University.

Grad PLUS Loan (Law only)

  • You must file the FAFSA application to determine eligibility.
  • Non-need credit-based loan with an interest rate of 7.595% and a 4.264% origination fee on each disbursement.
  • Interest begins accruing as soon as the loan is disbursed.  The accrued interest is added to the principal balance when the loan enters repayment.  A post enrollment deferment can be requested after the loan has fully disbursed.
  • Payments can be deferred while you are in school.