Loans

University of Charleston
Type

Financial aid

Federal Direct Subsidized Loan

Based upon need

No interest while a student is registered for at least six credit hours

Origination Fee 1.068% fee (as of October 1, 2015)

Interest rate 4.29% (loans first disbursed on or after 7/1/15 and before 7/1/16)

Repayment on the principal begins six months after completing program of study or dropping below six credit hours

Federal Direct Unsubsidized Loan

Non-need based loan

Interest begins as soon as the loan is disbursed

The student may choose to make payments on the interest while they are in school or choose to have the interest capitalized

Interest rate of 4.29% (undergraduate) (loans first disbursed on or after 7/1/15 and before 7/1/16)

Interest rate of 5.84% (graduate)

Origination Fee 1.068% fee (as of October 1, 2015)

Repayment on the principal begins six months after completing program of study or dropping below six credit hours

Federal Direct PLUS or Graduate PLUS Loan Program

Repayment on the principal and interest begins as soon as the loan is disbursed. Parents and Graduate students may also have their loans deferred

Interest Rate of 6.84% (loans first disbursed on or after 7/1/15 and before 7/1/16)

Origination Fee 4.272% fee

The parent and graduate student must pass a credit check to qualify for a PLUS Loan

Maximum amount that may be borrowed is the student's cost of attendance less other estimated financial aid

More Information

Type

Financial aid

Charleston%2C%20United%20States

Charleston , United States