Origination fee is 1.051% of the principal loan amount.
Fixed interest rate of 6.8% for Graduate Unsubsidized loans.
A six-month grace period begins when the student graduates or drops below half-time status.
Repayment of principal & interest begins at the end of the six-month grace period.
Complete your Entrance Counseling and Master Promissory Note at: www.studentloans.gov
Alternative Loans
Credit-based student loan taken out through a Bank or Lending Institution (non-federal).
A credit worthy cosigner is required for a dependent student. For independent students, a cosigner may be required depending on the student's credit rating.
Interest rates are variable and depend on the borrower's or cosigner's credit.
Repayment of the principal balance is deferred until the student graduates or drops below half-time. Some lenders will offer a six-month grace period.