Student Financial Services

 
 

Types of Student Loans

Various types of student loans to help you complete your education.

In addition to scholarships and grants, students may be eligible for federal student loans. Counseling is available to help all borrowers understand the costs and obligations that come with borrowing a Federal Direct Loan, Federal GRAD PLUS OR Federal PLUS Loan, and to assist you in making careful decisions about taking on student loan debt.  For information please visit studentloans.gov/myDirectLoan/index.action

Expand the sections below to access specific criteria for eligibility, application process, loan amounts, special provisions and notification schedule.

Note about non-degree, certificate programs: Please consult with the Office of Student Financial Services about aid eligibility for non-degree, certificate programs as aid eligibility may differ from what is available to students enrolled in programs leading to a degree.

2018-2019 Federal Direct Loan Interest Rates

All information is current as of June 7, 2018; interest rates and loan fees are subject to yearly changes implemented by the United States Congress.

New Interest rates for loans first disbursed between July 1, 2018 and July 1, 2019:
Loan Type Borrower Type Fixed Interest Rate
Federal Direct Subsidized Loans Undergraduate Students 5.05%
Federal Direct Unsubsidized Loans Undergraduate Students 5.05%
Federal Direct Unsubsidized Loans Graduate/Professional Students 6.60%
Federal Direct PLUS Loans Parents of Dependent Undergraduate Students and Graduate/Professional Students 7.60%

** All interest rates are fixed throughout the life of the loan. 

2018-2019 loan fees

Loan Fees are a percentage of the principal amount charged for each Federal Direct Loan borrowed. The fee is subtracted proportinally from each disbursement of the loan. Please refer to your Master Promissory Note (MPN) and disclosure statement.
New loan fees for disbursements made starting October 1, 2018 and before October 1, 2019.
Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans will be 1.062% (down from 1.066% for the October 1, 2017 and before October 1, 2018 period).
Federal Direct PLUS Loans (Parents and Graduate Students) 4.264% (down from 4.276% for the October 1, 2017 and before October 1, 2018 period).
 For prior interest rates and loan fees please refer to studentaid.ed.gov/sa/types/loans/interest-rates.
 

The following loan provisions apply to the 2018-2019 academic year.

» Visit the Frequently Asked Questions section for more information about student loans.

 
The information contained on this site is subject to change without notice.

For further information, please contact:

Office of Student Financial Services
Levermore Hall, Lower Level
p – 516.877.3080
p – ext. 2240 (on campus only)
f – 516.877.3380
e – financialservices@adelphi.edu

» View office hours

 
 
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