FINANCIAL AID

Loans

Institutional Code of Conduct for Educational Loans

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Loan Amount Repayment
Canada Student Loan Program Amounts vary Interest varies
Heritage 21 Loans $200 - $4,000/yr Interest dependent on years of study
McElroy Loans $1,000 - $2,000 Interest dependent on years of study
Perkins Loans The maximum amount an eligible student may borrow is $4,000 per award year. 5% interest
PLUS Loans Cost - Other Aid = Amount of PLUS you may apply for Fixed interest rate of 7.21% for loans after July 1, 2014 and prior to July 1, 2015
Stafford Loans Up to $9,500 (FR)
$10,500 (SO)
$12,500 (JR+)
Fixed interest rate of 4.66% for loans after July 1, 2014 and prior to July 1, 2015
Unsubsidized Stafford Loans Up to $9,500 (FR)
$10,500 (SO)
$12,500 (JR+)
Fixed interest rate of 4.66% for loans after July 1, 2014 and prior to July 1, 2015
Additional Unsubsidized Stafford Loans Up to $5,000 Fixed interest rate of 4.66% for loans after July 1, 2014 and prior to July 1, 2015
Private/Alternative Loans Amounts vary Interest varies