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U.S. Residents that are citizens/permanent qualified borrow through a number of federal loan programs.

U.S. Residents that are citizens/permanent qualified borrow through a number of federal loan programs.

U.S. Federal Loan Tools

System and application information follows. Eligibility for many federal loan programs is decided by Tufts University scholar Financial Services.

Along with reading the information below, please be sure to look at the Tufts University scholar Financial Services web site for complete system details and procedures.

Federal Direct Loans

  • Pupils may borrow as much as $20,500 per scholastic 12 months
  • Borrower needs to be A us citizen or resident that is permanent
  • 6.08% fixed rate of interest for 2019-2020, based on the government
  • Interest accrues through the time of disbursement
  • A 1.062per cent loan origination cost will be subtracted through the quantity lent
  • Standard payment is 10 years
  • Repayment begins half a year after graduation, or whenever pupils withdraw or fall significantly less than half-time status

GradPlus Loan

  • Pupils may borrow as much as the price of attendance less every other aid that is financial
  • Pupils have to make an application for the utmost Federal Direct Loan first
  • Borrower must certanly be A united states citizen or resident that is permanent
  • 7.08% fixed rate of interest for 2019-2020, dependant on the authorities
  • Interest accrues through the right time of disbursement
  • A 4.248% origination cost shall be subtracted through the quantity lent.
  • Standard payment is ten years
  • Repayment begins 60 times following the loan is completely disbursed, but can be deferred whilst the pupil is enrolled at the least half time