Federal Perkins Loan

FAFSA required. Preference given to borrowers with exceptional need.

$1,500

5.0% Fixed

Based on exceptional need of funds. No origination fee. Payments deferred while you're enrolled at least half-time. Maximum undergraduate aggregate: $20,000

Federal Subsidized Direct (Stafford) Loan

FAFSA required, but no deadline. Must show need and be enrolled at least halftime.

Varies according to need, year in school, previous borrowing

6.8% (as of July 1, 2012) Undergraduate; Graduate students are not eligible for subsidized loans

Payments deferred and no interest charged while you're enrolled at least half-time.

Federal Parent PLUS Loan

FAFSA required, but no deadline. For parents of dependent undergraduates enrolled at least halftime. PLUS application required. See financial aid office.

Enough to meet cost of attendance less other financial aid

7.90%

You must complete a PLUS application. Repayment begins within 60 days after the final loan disbursement. Parent can request repayment deferment through loan servicer.

Private/ Alternative Loan

Credit Worthiness (other eligibility requirements vary by loan and lender.)

Max: Enough to meet cost of attendance

Varies

Co-signers may be required. Payment deferment and interest charge deferment vary by lender and private loan type.