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Loans Available at ATSU : ATSU Policies

Subsidized Federal Stafford Loan

Amount: An $8,500 per year maximum exists, with the aggregate for undergraduate and graduate studies at $65,500.

Interest: Interest does not begin accruing for borrowers until repayment begins. The interest rate throughout repayment is fixed at 6.8%.

Conditions: The borrower must fill out a FAFSA need analysis to demonstrate financial need. This loan is given out in equal disbursements when tuition is due.

Repayment: The borrower has up to 10 years to repay this loan. Each borrower will go into repayment six months following graduation or withdrawal. If a borrower experiences financial difficulty, forbearance may be requested.

Grace Period: Each borrower has a six-month grace period for the Subsidized Federal Stafford Loan. The grace period must be used up before the borrower is eligible for deferment or forbearance.

Unsubsidized Federal Stafford Loan

Amount: A $10,000 per year maximum exists in addition to the Subsidized Federal Stafford Loan. The maximum is increased to $18,500 per year if the borrower is not eligible for a Subsidized Federal Stafford Loan. The total aggregate for Subsidized and Unsubsidized loans during undergraduate and graduate studies is $138,500.

Interest: Interest begins accruing for the borrower when funds are wired to the school. The interest rate throughout repayment is fixed at 6.8%.

Conditions: The borrower must fill out a FAFSA need analysis to determine the financial need. This loan can be used to replace an expected family contribution. It is given out in equal dibursements based on when tuition is due.

Repayment: The borrower has up to 10 years to repay this loan. Each borrower will go into repayment six months following graduation or withdrawal. A borrower experiencing financial difficulty may request forbearance.

Grace Period: Each borrower has a six-month grace period for the Unsubsidized Federal Stafford Loan. The grace period must be used up before the borrower is eligible for deferment or forbearance.

Federal Graduate PLUS Loan

Amount: Up to Cost of Education minus other financial assistance

Interest: Interest begins accruing for the borrower when funds are wired to the school. The interest rate throughout repayment is fixed at 8.5%.

Repayment: The borrower has up to 10 years to repay this loan. Deferment and forbearances are available during post-graduate training.

Fees: 3% is shaved off of all PLUS funds as an origination fee.