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Federal Perkins Loan - Long-term, low interest (5%) loan up to $4,000 per year.
Federal Stafford Loan - Long-term, low interest loans to students based on need. Application certified by the college and loan made with a commercial bank. Interest rate, not to exceed 8.25% or amount set by Congress. Maximum loan limits:
- Freshman students - $3,500
- Sophomore students - $4,500
- Junior level students - $4,500
- Senior level students - $5,500
Unsubsidized loans are available through the Stafford Loan Program for middle and upper income
students, with the same loan limits as above The student is responsible for in-school interest payments
on the unsubsidized loan.
Federal Parent's Loan for Undergraduate Students - A loan to a parent of a dependent student. Loan applications are certified by the College and the loan is made with a commercial bank. Interest rates not to exceed 9% or amount set by Congress.
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