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Finances Student Loans

Loan Program Terms

Federal Direct Stafford Loan
Grace period: 6 months
Grace period interest: Subsidized, no
Unsubsidized, yes
Maximum term: Up to 10 years
Interest Rate: Up to 8.25%
Exit interview: Available online
Deferments:
Yes
Cancellation: Yes
Consolidation: Yes
Federal Perkins Loan
Grace period: 9 months
Grace period interest: No
Maximum term: 10 years
Interest Rate: 5%
Exit interview: Available online, confirmation of completion required
Deferments: Yes
Cancellation: Yes
Consolidation: Yes
 
Federal Direct PLUS Loan (for parents)
Grace period: None
Grace period interest: No
Maximum term: Up to 10 years
Interest Rate: Up to 9%
Exit interview: Available online
Deferments:
No
Cancellation: No
Consolidation: Yes
Health Profession Loan
Grace period: 12 months
Grace period interest: No
Maximum term: 10 years
Interest Rate: 5%
Exit interview: Available online, confirmation of completion required
Deferments: Yes
Cancellation: None
Consolidation: Yes, except for PCL
 
Nursing Loan
Grace period: 6 months
Grace period interest: No
Maximum term: 10 years
Interest Rate: 5%
Exit interview: Available online, confirmation of completion required
Deferments:
Yes
Cancellation: None
Consolidation: Yes
Alaska Student Loan
Grace period: Visit the Alaska Student Loan website for more information about this program, or refer to your promissory note
 
Institutional Long-Term Loan
Terms: Contact your department or the Student Fiscal Services Office for more information about this loan program, or refer to your promissory note
Grace period interest: Varies by program
Consolidation: No
Departmental Short-Term Loan
Terms: Contact your department or the Student Fiscal Services Office for more information about this loan program, or refer to your promissory note
Grace period interest: Varies by Program
Consolidation: No
 
Private Lender Student Loan
Terms: Contact your bank or private lender for more information about this loan program, or refer to your promissory note
Consolidation: Check with your consolidation lender
University Short-Term Loan
Terms: Contact the Office of Student Financial Aid for more information about this loan program, or visit the Short-Term Loan Program webpage.
Service Fee: $30
Consolidation: No
Extension: Online: One time only, must be filed on or before due date
More Info: Short-Term Loan FAQS

Finances Student Loans