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Student Loans and Eligibility

Loan

Eligibility

Amount for Academic Year

Interest Rate

Notes

Federal Perkins Loan

FAFSA required.

Preference given to borrowers with exceptional need.

$1,500

5.0% Fixed

 

Based on exceptional need of funds. No origination fee. Payments deferred while you're enrolled at least half-time. Maximum undergraduate aggregate: $20,000

Federal Subsidized  Direct Loan

FAFSA required, but no deadline.

Must show need and be enrolled at least halftime.

Varies according to need, year in school, previous borrowing

Undergraduate:

3.76% fixed (before October 1, 2014) and 4.66% (on or after October 1, 2014)

Graduate students are not eligible for subsidized loans

Payments deferred and no interest charged while you're enrolled at least half-time.

Federal Unsubsidized Direct Loan     

FAFSA required, but no deadline. No financial need required, everyone qualifies and must be enrolled at least halftime.

Varies according to need-based aid, year in school, previous borrowing

Undergraduate:

3.76% fixed (before October 1, 2014) and 4.66% fixed (on or after October 1, 2014

Graduate:

5.31% fixed (before October 1, 2014) and 6.21% fixed (on or after October 1, 2014).

Payments deferred while you're enrolled at least half-time.  Interest begins accruing from the date of disbursement.

Federal                  Parent PLUS Loan

FAFSA required, but no deadline. For parents of dependent undergraduates enrolled at least halftime. PLUS application required. See financial aid office.

Enough to meet cost of attendance less other financial aid

 

6.31% fixed (before October 1, 2014 and 7.21% fixed (on or after October 1, 2014).

You must complete a PLUS application. Repayment begins within 60 days after the final loan disbursement. Parent can request repayment deferment through loan servicer.

Private/  Alternative Loan

Credit Worthiness (other eligibility requirements vary by loan and lender.)

 

Maximum:Enough to meet cost of attendance

 

Variable Rates

Co-signers may be required. Payment deferment and interest charge deferment vary by lender and private loan type.

You must not be in default on prior educational loans.

Campus Events

Last day to Withdraw from 2nd 7 week class

Last day to Withdraw from 2nd 7 week class

April 6th, 2020

All day event

Classes end (full-term and 2nd 7 week classes)
Final exams begin

Final exams begin

April 29th, 2020

All day event

Final exams end

Final exams end

May 5th, 2020

All day event

POSTPONED: Academic Honors Convocation

POSTPONED: Academic Honors Convocation

May 7th, 2020

All day event

Transcripts with grades available

Transcripts with grades available

May 11th, 2020

All day event

Official grades available in One.IU

Official grades available in One.IU

May 11th, 2020

All day event

POSTPONED: IU Southeast Commencement

POSTPONED: IU Southeast Commencement

May 11th, 2020

6:45 PM - 9:00 PM

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