Loan Summary Chart

Interest rates are for loans originated in the 2021 - 2022 academic year - disbursed on or after July 1, 2021 and before July 1, 2022.

  • Interest 3.73% fixed interest rate
    Eligibility

    Must be in a degree-seeking program at least half-time.
    Limits based on your grade level at AUC.

    Term

    Repayment deferred, no interest while enrolled at least half-time.
    No interest accrues during the 6-month grace period before repayment begins.
    Origination fee 1.059% on loans originated prior to October 1, 2020.
    Origination fee 1.057% on loans originated on or after October 1, 2020.

    How to Apply?

    Students must complete FAFSA.
    Must sign Master Promissory Note and complete Entrance Counseling to receive funds. Go to Studentaid.gov.

  • Interest

    3.73% fixed interest rate for undergraduate students.
    5.28% fixed interest rate for Graduate students.

    Eligibility

    Enrolled at least half-time in a degree-seeking program.
    There is a maximum amount that a student can borrow each year.

    Term

    Interest accrues from time loan is disbursed. Interest payments may be made while in school.
    Repayment of principal deferred while enrolled at least half-time (at least six credit hours).
    Origination fee 1.059% loans originated prior to October 1, 2020.
    Origination fee 1.057% loans originated on or after October 1, 2020.

    How to Apply?

    STUDENT must complete FAFSA.
    Must sign Master Promissory Note and complete Entrance Counseling to receive funds. Go to Studentaid.gov.

  • Interest

    6.28% fixed interest rate

    Eligibility

    May borrow up the cost of attendance less other aid.
    The student must be enrolled at least half-time in a degree-seeking program.
    The parent may borrow on behalf of the student.

    Term

    Interest begins to accrue upon loan disbursement.
    Repayment of principal and interest begins after the loan is fully disbursed.
    Origination fee 4.236% on loans originated prior to October 1, 2020.
    Origination fee 4.228% on loans originated on or after October 1, 2020.

    How to Apply?

    Students must complete FAFSA.
    Parents must sign Master Promissory Note to receive funds. Go to Studentaid.gov.
    Parents must pass the Department of Education credit check and complete credit counseling with Studentaid.gov.

  • Interest

    Variable/fixed interest rates

    Eligibility

    Satisfy the credit requirements.
    US citizen or permanent resident.
    Students who have no prior student loan default and maintain satisfactory academic progress.

    Term

    Varies with loan type.
    0% Origination fee.

    How to Apply?

    Must be accepted full-time, half-time, or less than half-time in a degree-seeking program at AUC.
    Students must complete the Sallie Mae Student Loans Application.

    For more information, click here.