| Interest rates |
0% while in school. 4.99% fixed rate for loans disbursed after 7/1/2022 |
4.99% fixed rate for loans disbursed after 7/1/2022 |
7.54% fixed rate for loans disbursed after 7/1/2022 |
Varies, based on the lender and the credit scores of borrower (and co-signer) |
| Eligibility |
Must complete FAFSA and have at least half-time enrollment |
Must complete FAFSA, at least half-time enrollment |
Must complete FAFSA, must be a parent of an undergraduate dependent student, at least half-time enrollment |
Varies |
| Lender |
U.S. Department of Education |
U.S. Department of Education |
U.S. Department of Education |
Varies |
| Loan amount (annual maximum) |
See below |
See below |
Total cost of attendance (COA) minus all other accepted aid |
Varies |
| Aggregate limits |
See below |
See below |
None |
Varies |
| Fees |
1.057% |
1.057% |
4.228% |
Varies |
| Principal repayment |
6 months after graduating or dropping below half-time enrollment |
6 months after graduating or dropping below half-time enrollment |
60 days after final disbursement per loan. May choose to defer payments until six months after the date the student ceases to be enrolled at least half time. |
Varies |
| Other considerations |
No co-signer needed, may consolidate, no credit-check required |
No cosigner needed, may consolidate, no credit-check required, accrues interest while in school, may postpone in-school interest repayments |
Parent borrower must pass credit check, an endorser may be used if parent's credit is denied, may consolidate, parent borrower is responsible for repayment |
Varies |