Graduate Loan Chart

Loan Chart (2014-2015)

Federal Unsubsidized Stafford Loan

  • Interest Rate: 5.41% fixed during in-school, grace, and deferment periods
  • Origination/ Guarantee Fees: 1.072% (e.g. if $1000 is borrowed, $989 will be applied to the student’s Augsburg account)
  • Annual Loan Limits: $20,500
  • Cumulative Loan Limits: $131,000 (of which, no more than $65,000 can be subsidized)
  • Grace Period: 6 Months
  • Repayment Terms: Standard repayment is 10 years following grace period, though other repayment options may be available
  • Deferment Options: Continued education, disability, and unemployment. Contact your lender for other options.

Federal Graduate PLUS Loan

  • Interest Rate: 6.41% fixed during in-school, grace, and deferment periods.
  • Origination/ Guarantee Fees: 4.288% (e.g. if $1000 is borrowed, $958 will be applied to the student’s Augsburg account)
  • Annual Loan Limits: Cost of education less other aid received.
  • Cumulative Loan Limits: No Cap
  • Grace Period: No grace period, but parents can request the loan to enter forbearance through the lender.
  • Repayment Terms: Repayment begins within 60 days after final disbursement of loan funds. Up to 10 Years. See Grace Period information.
  • Deferment Options: Contact lender for deferment or forbearance options.

Private/Alternative Loans

  • Interest Rate: Variable, based on credit + PRIME or LIBOR.
  • Origination/ Guarantee Fees: Varies by lender.
  • Annual Loan Limits: Cost of education less other aid received.
  • Cumulative Loan Limits: Varies by lender.
  • Grace Period: Varies by lender.
  • Repayment Terms: Varies by lender.
  • Deferment Options: Varies by lender.