Subsidized Federal figuratively speaking could be lent by pupils enrolled at minimum half-time at Simpson College. Pupils may borrow loan quantities according to their grade degree – freshman: $3,500; sophomore: $4,500; senior and junior: $5,500.
Subsidized loans are need-based and don’t accrue interest fees as the pupil is enrolled at half-time that is least. Repayment will start 6 months following the student graduates or falls below half-time. The attention price is fixed at 4.53per cent. Interest accrual starts by the end of this six month elegance period after graduation or lower than half-time enrollment.
Unsubsidized Federal figuratively speaking might be lent by pupils enrolled at half-time that is least at Simpson College. Unsubsidized loans aren’t granted centered on monetary need, and so will quickly accrue interest costs at disbursement. Read more “Federal Loans: more information about Federal and Private Loans”