Graduate - Graduate Loans


Federal Direct Student Loan

  • Deferred while the student is in school.
  • The origination fee changes every Oct. 1st, and is now 1.066%.
  • Fixed interest rate of 6% for Graduate Unsubsidized loans disbursed after July 1, 2017. 
  • A six-month grace period begins when the student graduates or drops below half-time status. 
  • Repayment of principal & interest begins at the end of the six-month grace period.
  • Complete your Entrance Counseling and Loan Agreement at:

Alternative Loans

  • Credit-based student loan taken out through a Bank or Lending Institution (non-federal).
  • A credit worthy cosigner is required for a dependent student. For independent students, a cosigner may be required depending on the student's credit rating.
  • Interest rates are variable and depend on the borrower's or cosigner's credit.
  • Repayment of the principal balance is deferred until the student graduates or drops below half-time. Some lenders will offer a six-month grace period.
  • List of available Alternative Loans.

Graduate PLUS Loan

  • Credit-based loan
  • Fixed interest rate of 7% for all Graduate PLUS Loans disbursed after July 1, 2017.
  • The origination fee changes every Oct. 1st, and is now 4.264%.
  • For more information contact the Financial Aid Office.


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Greenville, Illinois 62246-1145
800.345.4440 / 618.664.7100
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