SKIP to: User Groups, Site Search, Page content, Quick Links, Contact Information

Stafford - Subsidized

Stafford - Unsubsidized

SELF

PLUS

Borrower

Student

Student

Student

Student's Parent(s)

Maximum Loan Amount

$3,500 - Freshman

$4,500 - Sophomore

$2,000. to $6,000.
( Varies with student status)

$7,500

Varies with student's cost of attendance and other Aid resources

Lender

Bank or other financial institution

Bank or other financial institution

State of Minnesota

Bank or other financial institution

Interest Rates, effective July 1, 2009*

5.6%

6.80%

4.70%

8.50%

Interest Type

Fixed Rate

Fixed Rate

Variable Rate

Fixed Rate

Fees

Up to 3%

Your loan agency may reimburse a portion of these fees as a benefit to you.

Up to 3%

Your loan agency may reimburse a portion of these fees as a benefit to you.

None

Up to 3%

Your loan agency may reimburse a portion of these fees as a benefit to the borrower (your parent).

Grace Period

6 months

6 months

None.
Interest only payments required each quarter after loan is disbursed

None.
Repayment begins within 60 days of loan disbursement. Under new regulations, the borrower may request a delay in this date. Check with the PLUS loan agency for more information.

Stafford - Subsidized

Stafford - Unsubsidized

SELF

PLUS