|
Federal Perkins Student Loan |
Federal Direct Subsidized Stafford/Ford Loan |
Federal Direct Unsubsidized Stafford/Ford Loan |
Federal Direct PLUS
(Parent Loan for Undergraduate Students) |
Health Professions Loan (HPL) |
Nursing Student Loan (NSL) |
|---|
| Lender |
UW |
federal government |
federal government |
federal government |
UW |
UW |
| Interest Rate |
5% |
varies to 8.25% * |
varies to 8.25% * |
varies to max. 9% * |
5% |
5% |
| Interest-free in school? |
yes |
yes |
no |
no |
yes |
yes |
| Loan fees |
none |
3% |
3% |
4% |
none |
none |
| Annual maximums |
$4,000/year as undergraduate
$6,000/year as graduate/professional |
$2,625/freshmen
$3,500/sophomores
$5,500/juniors & seniors
$8,500/grad & prof. |
$4,000/freshmen & sophomores **
$5,000/juniors & seniors **
$10,000/grad & prof. ** |
Cost of attendance minus aid |
$2,500 plus tuition |
$2,500/first year in program
$4,000/last two years in program |
| Cumulative maximums |
$20,000 undergrad
$40,000 undergrad & grad combined |
$23,000 undergrad
$65,500 undergrad & grad combined |
$23,000/dependent undergrad ***
$46,000/independent undergrad ***
$138,500 undergrad & grad combined *** |
NA |
none |
$13,000 |
| Grace period |
6-9 months |
6 months |
6 months |
none |
12 months |
6 months |
| Repayment period |
to 10 years |
to 10 years |
to 10 years |
to 10 years |
to 10 years |
to 10 years |
| Minimum payments |
$40/month |
$50/month |
$50/month |
$50/month |
$40/month |
$40/month |
| Other information |
Formerly called National Direct Student Loan. |
Additional repayment options beyond the 10 years may be available. |
Additional repayment options beyond the 10 years may be available. |
Not based on financial need. Repayment begins 60 days after last disbursment. Additional repayment options beyond the 10 years may be available. |
For students in Medicine, Dentistry, and Pharmacy. Parents' information required regardless of status. |
For undergraduate and graduate nursing students. |
