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 - $3,000/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.
Currently 7.9%
Stafford Loans Up to $3,500 (FR)
$4,500 (SO)
$5,500 (JR/SR)
Fixed interest.
Currently 3.4%
Unsubsidized Stafford Loans Up to $3,500 (FR)
$4,500 (SO)
$5,500 (JR/SR)
Fixed interest.
Currently 6.8%
Additional Unsubsidized Stafford Loans Up to $5,000 Fixed interest.
Currently 6.8%
Private/Alternative Loans Amounts vary Interest varies