Loan Summary Chart

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

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.

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

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

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

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.

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

6.28% fixed interest rate

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.

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.

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.

Variable/fixed interest rates

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

Varies with loan type.
0% Origination fee.

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.