|
|
Federal Direct Unsubsidized |
|
Federal Direct PLUS |
| Borrower |
|
Student |
|
Student |
| Interest Rates |
|
Fixed 7.050% |
|
Fixed 8.050% |
| Principal Deferred |
|
Yes |
|
Possible while student is in school - contact your servicer for details. |
| Interest Deferment Options |
|
Yes. Interest accrues during the deferment period. Students have the option to pay loan interest while in school; if the interest is not paid, it will be added to the principal loan balance upon entering repayment. |
|
Yes. Interest accrues during the deferment period. Students have the option to pay loan interest while in school; if the interest is not paid, it will be added to the principal loan balance upon entering repayment. Possible while student is in school - contact your servicer for details. |
| Grace Period |
|
6 Months. Borrower is responsible for interest accrued during in-school and grace periods. Repayment of loan begins after grace period. |
|
Possible while student is in school - contact your servicer for details. |
| Annual Loan Maximums |
|
Juris Doctor Students: $20,500.
Graduate Law, Paralegal, and Legal Nurse Consultant Students: Up to $20,500 or the annual Cost of Attendance, whichever is less. |
|
Cost of education less any other financial aid. |
| Standard Length of Repayment |
|
10 Years |
|
10 Years |
| Fees Deducted |
|
New Loans After October 1, 2020: 1.057%
|
|
New Loans After October 1, 2020: 4.228%
|
| Credit Check Required |
|
No |
|
Yes |
| Based on Need |
|
No |
|
No |