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Direct
Subsidized (undergraduate)
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5.05% fixed interest rate
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• Must be in a degree-seeking program at least on a half-time basis
• Limits based on your grade level at AUC
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• Repayment deferred, no interest while enrolled on at least a half-time basis
• Interest accrues during six-month grace period before repayment begins
• Origination fee of 1.069% (fee for loans originated on or after October 1, 2016, and before October 1, 2017.
Origination fee of 1.066% (fee for loans originated on or after October 1, 2017, and before October 1, 2018.
Origination fee of 1.062% (fees for loans originated on or after October 1, 2018, and before October 1, 2019
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• Student must complete FAFSA
• Sign Master Promissory Note and complete entrance counseling to receive funds. Go to StudentLoans.gov.
• Student must complete Virtual Financial Aid Office Application
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Direct Unsubsidized
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5.05% fixed interest rate for undergraduate students
6.60% fixed interest rate for graduate students
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• Enrolled at least on a half-time basis in a degree-seeking program
• Limits based on your grade level at AUC
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• Interest accrues from time loan is disbursed. Interest payments may be made while in school
• Repayment of principal deferred while enrolled on a half-time basis at least (at least 6 credit hours)
• Origination fee of 1.069% (fee for loans originated on or after October 1, 2016, and before October 1, 2017.
Origination fee of 1.066% (fee for loans originated on or after October 1, 2017, and before October 1, 2018.
Origination fee of 1.062% (fees for loans originated on or after October 1, 2018, and before October 1, 2019
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• STUDENT must complete FAFSA
• Sign Master Promissory Note and complete entrance counseling to receive funds. Go to StudentLoans.gov.
• STUDENT must complete Virtual Financial Aid Office Application
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Direct PLUS (Parent PLUS)
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7.60% fixed interest rate
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• May borrow up to cost of attendance minus other aid
• Student must be enrolled on a half-time basis at least in a degree-seeking program
• Parent may borrow on behalf of student
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• Interest begins to accrue upon loan disbursement
• Repayment of principal and interest begins after the loan is fully disbursed
• 4.276% origination fee (fee for loans originated on or after October 1, 2016 and before October 1, 2017.
• 4.264% origination fee (fee for loans originated on or after October 1, 2017 and before October 1, 2018.
• 4.248% origination fee (fee for loans originated on or after October 1, 2018, and before October 1, 2019
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• Student must complete FAFSA
• Parent sign Master Promissory Note to receive funds at StudentLoans.gov.
• Parent must pass Department of Education credit check and complete credit counseling with StudentLoans.gov.
• Student must complete Virtual Financial Aid Office Application
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Private Sallie Mae (Sallie Mae Smart Option Loan and Sallie Mae Parent Loan)
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Variable/fixed interest rates
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• Satisfy the credit requirements
• U.S citizen or permanent resident
• Student must have no prior student loan defaults and maintain satisfactory academic progress
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• Varies with loan type
• 0% origination fee
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• Must be accepted full- time, half-time or less than half-time in a degree-seeking program at AUC
• Student must complete the Sallie Mae Smart Option Loan Application
• PARENT must complete the Sallie Mae Parent Loan Application
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