Investing in Your Future

U.S. citizens and permanent residents are eligible to borrow funds from the Federal Direct Loan Program. Private education loans are available for all students — U.S. citizens, permanent residents and international students.

LEARN MORE ABOUT THE LOAN PROCESS

Federal Direct Unsubsidized Stafford Loan

  • Non-need-based loan
  • Available to U.S. citizens and permanent residents
  • Loan amount: up to $20,500 maximum per year
  • Interest rate: Fixed 6.08% for loans first disbursed between July 1, 2019 and June 30, 2020
    • Interest begins accruing once funds are disbursed
  • Origination Fee: 1.062% for loans first disbursed between October 1, 2018 through September 30, 2019
  • Repayment begins 6 months after graduation or separation from the university or if a student’s enrollment is below half-time
  • Repayment: The borrower has up to 10 years to repay the loan under the standard repayment plan. Extended and income-based repayment plans are available for those who qualify

Federal Direct Graduate PLUS Loan

  • Non-need-based loan
  • Available to U.S. citizens and permanent residents
  • Loan amount: Maximum amount per year equals the cost of attendance, minus other financial aid and other forms of educational funding 
  • Interest rate: Fixed 7.08% for loans first disbursed between July 1, 2019 and June 30, 2020
    • Interest begins accruing once funds are disbursed
  • Origination Fee: 4.248% for loans first disbursed between October 1, 2018 through September 30, 2019
  • Repayment begins 6 months after graduation or separation from the university or if a student’s enrollment is below half-time
  • Repayment: The borrower has a maximum of 25 years to repay the loan

Private Education Loans

A number of private agencies offer alternative sources of financing your education. We encourage you to investigate these options very cautiously and thoroughly. The Office of Financial Aid will process a loan with any lender you select, as long as you’re eligible for the loan. International students are also encouraged to investigate in their home country and/or country-of-residence for loan options.

Loan Assistance for Graduates

The Collins Family Loan Assistance Program (LAP) enables Kellogg graduates to enter careers in the public and nonprofit sectors by reducing their educational debt burden.