Graduate Loan Comparison Chart
- Home
- Office of Student Financial Aid
- Loans
- Graduate Loan Comparison Chart
Graduate Loan Comparison
See changes to Federal Student Aid programs for Graduate and Professional students
| Federal Direct Subsidized Loan | Federal Direct Unsubsidized Loan | Direct Grad PLUS Loan | |
|---|---|---|---|
| Borrower | Grad/Professional students | Grad/Professional students | Grad/Professional students |
| Interest rates | 6.8% fixed rate | 6.8% fixed rate | 7.9% fixed rate |
| Eligibility | Based on financial need | No income restrictions | No income restrictions |
| Annual Loan Limits |
$8,500 (before July 1, 2012) $0 (after July 1, 2012) |
$20,500, less any subsidized amount received (before July 1, 2012) $20,500 (after July 1, 2012) |
Cost of education less any financial aid awarded. Note: Student must have borrowed annual limit of Stafford Loans before they are eligible for a Direct GradPLUS Loan |
| Aggregate Loan Limits | $65,500 | $138,500 | |
| In-school interest | Paid by federal government | Paid by student borrower who may either make interest payments while in school, or capitalize the interest and begin repayment of interest with loan repayment. | Borrower responsibility |
| Grace period | Interest paid by federal government during six-month grace period | Interest paid by student borrower during six-month grace period | Interest paid by borrower during six-month grace period |
| Repayment terms |
• Repayment begins after grace period • $50 minimum monthly payment • 10-25 year maximum repayment term (based on total loan balance) |
• Repayment begins after grace period • $50 minimum monthly payment • 10-25 year maximum repayment term (based on total loan balance) |
• Repayment begins after grace period • $50 minimum monthly payment • 10-25 year maximum repayment term (based on total loan balance) |
The University of Akron
Akron, OH 44325
Phone: 330-972-7111
Contact us
Send mail & deliveries to UA
Text-Only
