{"id":9716,"date":"2012-09-17T19:45:00","date_gmt":"2012-09-18T00:45:00","guid":{"rendered":"http:\/\/www.augsburg.edu\/?page_id=9716"},"modified":"2025-07-16T15:49:09","modified_gmt":"2025-07-16T15:49:09","slug":"day-loan-chart","status":"publish","type":"page","link":"https:\/\/www.augsburg.edu\/studentfinancial\/loans\/day-loan-chart\/","title":{"rendered":"Undergraduate Loan Chart"},"content":{"rendered":"<h2>Loans with a first disbursement on or after 7\/1\/2025 and before 7\/1\/2026<\/h2>\n<p>*Interest rates for loans with a first disbursement date on or after 7\/1\/2022 have not yet been published.<\/p>\n<h3>Federal Subsidized Direct Loan<\/h3>\n<p>For the most up to date information please visit <a title=\"Student Aid. Gov\" href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\">Studentaid.gov<\/a>.<\/p>\n<ul>\n<li><strong>Interest Rate:<\/strong> 6.39% fixed during in-school, grace and deferment periods. Interest is paid by the federal government.<\/li>\n<li><strong>Origination\/ Guarantee Fees:<\/strong> 1.057% for new loans\u00a0 (e.g. if $1000 is borrowed, $990 will be applied to the student&#8217;s Augsburg account)<\/li>\n<li><strong>Annual Loan Limits:\u00a0<\/strong>Freshman &#8211; $3500, Sophomore &#8211; $4500, Junior\/Senior &#8211; $5500<\/li>\n<li><strong>Cumulative Loan Limits:<\/strong> Undergraduate &#8211; $23,000<\/li>\n<li><strong>Grace Period:<\/strong>\u00a06 Months<\/li>\n<li><strong>Repayment Terms:<\/strong> Standard repayment is 10 years following grace period, though other repayment options may be available<\/li>\n<li><strong>Deferment\u00a0Options:<\/strong> Continued education, disability, and unemployment. Contact your lender for other options.<\/li>\n<\/ul>\n<h3>Federal Unsubsidized Direct Loan (Dependent Students)<\/h3>\n<p>For the most up to date information please visit <a title=\"Student Aid. Gov\" href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\">Studentaid.gov<\/a>.<\/p>\n<ul>\n<li><strong>Interest Rate:<\/strong> 6.39% fixed during in-school, grace, and deferment periods.<\/li>\n<li><strong>Origination\/ Guarantee Fees:<\/strong>\u00a01.057% (e.g. if $1000 is borrowed, $990 will be applied to the student&#8217;s Augsburg account)<\/li>\n<li><strong>Annual Loan Limits:\u00a0<\/strong>Combination of subsidized and unsubsidized loans cannot exceed: Freshman &#8211; $5500, Sophomore &#8211; $6500, Junior\/Senior &#8211; $7500<\/li>\n<li><strong>Cumulative Loan Limits:<\/strong>\u00a0Undergraduate: $31,000 (of which, no more than $23,000 can be subsidized)<\/li>\n<li><strong>Grace Period:<\/strong>\u00a06 Months<\/li>\n<li><strong>Repayment Terms:<\/strong>\u00a0Standard repayment is 10 years following grace period, though other repayment options may be available<\/li>\n<li><strong>Deferment\u00a0Options:<\/strong>\u00a0Continued education, disability, and unemployment. Contact your lender for other options.<\/li>\n<\/ul>\n<h3>Federal Unsubsidized Direct Loan (Independent Students or Dependent Students whose parents have been denied PLUS)<\/h3>\n<p>For the most up to date information please visit <a title=\"Student Aid. Gov\" href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\">Studentaid.gov<\/a>.<\/p>\n<ul>\n<li><strong>Interest Rate:<\/strong> 6.39% fixed, during in-school, grace, and deferment periods.<\/li>\n<li><strong>Origination\/ Guarantee Fees:<\/strong>\u00a01.057% (e.g. if $1000 is borrowed, $990 will be applied to the student&#8217;s Augsburg account)<\/li>\n<li><strong>Annual Loan Limits:\u00a0<\/strong>Combination of subsidized and unsubsidized loans cannot exceed: Freshman &#8211; $9500, Sophomore &#8211; $10500, Junior\/Senior &#8211; $12500<\/li>\n<li><strong>Cumulative Loan Limits:\u00a0<\/strong>$57,500 (of which, no more than $23,000 can be subsidized)<\/li>\n<li><strong>Grace Period:<\/strong>\u00a06 Months<\/li>\n<li><strong>Repayment Terms:<\/strong>\u00a0Standard repayment is 10 years following grace period, though other repayment options may be available<\/li>\n<li><strong>Deferment\u00a0Options:<\/strong>\u00a0Continued education, disability, and unemployment. Contact your lender for other options.<\/li>\n<\/ul>\n<h3>Federal PLUS Loan (for parents of dependent students)<\/h3>\n<ul>\n<li><strong>Interest Rate: <\/strong>8.94% fixed, during in-school, grace, and deferment periods.<\/li>\n<li><strong>Origination\/ Guarantee Fees:<\/strong>\u00a04.228% (e.g. if $1000 is borrowed, $958 will be applied to the student&#8217;s Augsburg account)<\/li>\n<li><strong>Annual Loan Limits:\u00a0<\/strong>Cost of education less other aid received.<\/li>\n<li><strong>Cumulative Loan Limits:\u00a0<\/strong>No Cap<\/li>\n<li><strong>Grace Period:<\/strong>\u00a0No grace period, but parents can request the loan to enter\u00a0forbearance\u00a0through the lender.<\/li>\n<li><strong>Repayment Terms:<\/strong>\u00a0Repayment begins within 60 days after final disbursement of loan funds. Up to 10 Years. See Grace Period information.<\/li>\n<li><strong>Deferment\u00a0Options:<\/strong>\u00a0Contact lender for deferment or forbearance options.<\/li>\n<\/ul>\n<h3>Private\/Alternative Loans<\/h3>\n<ul>\n<li><strong>Interest Rate:<\/strong>\u00a0Variable, based on credit + PRIME or LIBOR.<\/li>\n<li><strong>Origination\/ Guarantee Fees:<\/strong>\u00a0Varies by lender.<\/li>\n<li><strong>Annual Loan Limits:\u00a0<\/strong>Cost of education less other aid received.<\/li>\n<li><strong>Cumulative Loan Limits:\u00a0<\/strong>Varies by lender.<\/li>\n<li><strong>Grace Period:<\/strong>\u00a0Varies by lender.<\/li>\n<li><strong>Repayment Terms:<\/strong>\u00a0Varies by lender.<\/li>\n<li><strong>Deferment\u00a0Options:<\/strong>\u00a0Varies by lender.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Loans with a first disbursement on or after 7\/1\/2025 and before 7\/1\/2026 *Interest rates for loans with a first disbursement date on or after 7\/1\/2022 have not yet been published. Federal Subsidized Direct Loan For the most up to date information please visit Studentaid.gov. Interest Rate: 6.39% fixed during in-school, grace and deferment periods. Interest &#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":38859,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9716","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/9716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/comments?post=9716"}],"version-history":[{"count":38,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/9716\/revisions"}],"predecessor-version":[{"id":41024,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/9716\/revisions\/41024"}],"up":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/38859"}],"wp:attachment":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/media?parent=9716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}