Financial Aid Financial Aid
Available Student Loans
Federal Loans
The tables below list federal and privat loan options, fees and interest rates. To learn more about loan options, visit our loan page.
| TYPE OF AID | FEES | INTEREST RATE | PAYMENT WHILE IN SCHOOL | INTENDED FOR | ADDITIONAL INFORMATION | AMOUNTS YEARLY |
| Federal Subsidized Stafford Loan | .5% origination fee 1% federal default fee | 5.6% - Interest is paid by the Federal Government as long as student is enrolled at least half-time | No payment required while enrolled at least half-time. | MUST file a FAFSA. MUST complete entrance Counseling and a Master Promissory Note. Requires at least half-time enrollment; Loan is in Student's name. | 6 month grace period after student graduates or ceases to be enrolled at least half-time. 10 year repayment | Freshman: $3,500 Sophomore: $4,500 Junior: $5,500 Senior: $5,500 |
| Federal Unsubsidized Stafford Loan | .5% origination fee 1% federal default fee | Fixed and Capped at 6.8%. Interest accrues while student is in school | No payment required while enrolled at least half-time. Optional quarterly interest payments can be made | MUST file a FAFSA. MUST complete entrance Counseling and a Master Promissory Note. Requires at least half-time enrollment; Loan is in Student's name. | 6 month grace period after student graduates or ceases to be enrolled at least half-time. 10 year repayment | Freshman: $3,500 Sophomore: $4,500 Junior: $5,500 Senior: $5,500 |
| Federal Additional Unsubsidized Stafford Loan | .5% origination fee 1% federal default fee | Fixed and Capped at 6.8%. Interest accrues while student is in school | No payment required while enrolled at least half-time. Optional quarterly interest payments can be made | MUST file a FAFSA. MUST complete Entrance Counseling and a Master Promissory Note. Requires at least half-time enrollment; Loan is in Student's name. | 6 month grace period after student graduates or ceases to be enrolled at least half-time. 10 year repayment. Loan available only to students whose parents are denied the PLUS loan and independent students as determined by the FAFSA. | Freshman: $4,000 Sophomore: $4,000 Junior: $5,000 Senior: $5,000 |
| Federal Supplemental Unsubsidized Stafford Loan | .5% origination fee 1% federal default fee | Fixed and Capped at 6.8% - Interest does accrue while student is in school | No payment required while enrolled at least half-time. Optional quarterly interest payments can be made | MUST file a FAFSA. MUST complete entrance Counseling. MUST sign Master Promissory Note. Students enrolled at least half-time; restrictions apply - Need based. Loan is in Student's name. | 6 month grace period after student graduates or ceases to be enrolled at least half-time. 10 year repayment | Freshman: $2,000 Sophomore: $2,000 Junior: $2,000 Senior: $2,000 |
| Federal Perkins Loan | No fees | 5% - Interest is paid by the Federal Government as long as student is enrolled at least half-time | No payment is required if student is enrolled at least half-time | MUST file a FAFSA. MUST complete entrance Counseling and a Master Promissory Note. Requires at least half-time enrollment; Loan is in Student's name. | 9 month grace period after student graduates or ceases to be enrolled at least half-time. 10 year repayment | Based on available funding |
| Federal PLUS Loan | 3% origination fee, 1% federal default fee | 7.9% - fixed and capped | Payment begins 45-60 days after the final disbursement for the academic year | No FAFSA required | Deferment available while student is enrolled at least half-time, interest accrues during authorized deferment periods | Cost minus aid |
Private Loans
| TYPE OF AID | FEES | INTEREST RATE | PAYMENT WHILE IN SCHOOL | INTENDED FOR | ADDITIONAL INFORMATION | AMOUNTS YEARLY |
| School certified private student loans | zero to 9%, based on credit worthiness of cosigner (most borrowers do not fall into the top credit tier) | Prime plus 1% (prime is currently 4%) to prime plus 7.5% based on credit worthiness of cosigner (most borrowers do not fall into the top credit tier) | No payment is required if student is enrolled at least half-time, but interest accrues | No FAFSA required | 6 month grace period after student graduates or ceases to be enrolled at least half-time. 13 to 20 year repayment period depending on loan | Cost minus aid |
Questions? E-mail Financial Aid at: finaid@linfield.edu