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Student Loan Program Chart

Student Loan Program Chart
  Federal Perkins Student Loan Federal Direct Subsidized Graduate Stafford/Ford Loan Federal Direct Unsubsidized Graduate Stafford/Ford Loan Federal Direct Graduate GPLUS Health Professions Loan (HPL) Nursing Student Loan (NSL)
Lender UW   Federal government Federal government UW UW
Interest Rate 5%   5.41% * 6.41% * 5% 5%
Interest-free in school? Yes   No No Yes Yes
Loan fees None   1.072% 4.288% None None
Annual maximums $8,000/year as graduate/professional   $20,500/grad & prof 1 Cost of attendance minus aid $2,500 plus tuition $5,200 grad
Cumulative maximums $60,000 undergrad & grad combined   $138,500 undergrad & grad combined 2  3 NA NA $17,000
Grace period 6-9 months   6 months NA 12 months 9 months
Repayment period to 10 years   to 10 years to 10 years to 10 years to 10 years
Minimum payments $40/month   $50/month $50/month $40/month $40/month
Other information   Not available to graduate/professional students for loan periods beginning 7/1/12 or later. Additional repayment options beyond the 10 years may be available. Additional repayment options beyond the 10 years may be available. For graduate and professional students. Repayment of principal can be deferred when enrolled at least half time. For students in Medicine, Dentistry, and Pharmacy. Parents' information required regardless of status. For undergraduate and graduate nursing students.

* Rates effective for loans disbursed on or after 7/1/2013.

1 Aggregate loan amount includes Subsidized Stafford/Ford Loans.

2 Students in the Medical, Dental, and Pharmacy Schools are eligible for additional Unsubsidized Loan funds. For Medical and Dental students attending three quarters, the maximum is $40,500 and if attending four quarters, the maximum of $47,167. For Pharmacy students attending three quarters, the maximum is $33,000 or if attending four quarters, the maximum is $37,167.

3 Students in the Medical, Dental or Pharmacy programs have a cumulative maximum of $224,000.