- Maximum borrowed amount per academic year, based on academic eligibility - $3,500 first-year; $4,500 second-year; $5,500 third and fourth-year
- Independent students and/or dependent students whose parent is denied a Federal PLUS loan may be eligible for an additional amount per academic year based on academic eligibility - $4,000 first and second-year; $5,000 third and fourth-year
- Effective July 1, 2008 dependent students and independent students may receive an additional $2,000 unsubsidized loan per academic year
- Student must be enrolled at least half-time
- A 2% origination fee and a 1% default fee may be deducted by the Lender or Guarantor
- No repayment required until 6 months after student graduates or ceases to be enrolled at least half-time
- 6.80% Fixed interest rate on loans disbursed before July 1, 2008.
- 6.00% Fixed interest rate on subsidized loans disbursed after July 1, 2008. Unsubsidized loans will remain at 6.80% after July 1, 2008
- Loan Entrance Counseling must be completed prior to funds disbursement
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- Maximum borrowed amount equal to Jewell's cost of attendance less other aid received on a per student basis.
- Student must be enrolled at least half-time, dependant undergraduate
- A 3% origination fee and a 1% default fee will be deducted from your loan proceeds by the Lender or Servicer
- Parent borrower's first payment is due within 60 days after full disbursement. Forbearance and deferment is available.
- Maximum 10 year repayment, minimum payment $50
- Credit Check Required
- 8.50% Fixed interest rate
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