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 several federal loan programs is based on Tufts University scholar Financial Services.

As well as reading the information below, please make sure to go to 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 must certanly be A united states resident or resident that is permanent
  • 6.08% fixed rate of interest for 2019-2020, dependant on the government that is federal
  • Interest accrues through the period of disbursement
  • A 1.062per cent loan origination charge 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 up to the price of attendance less other school funding
  • Pupils have to submit an application for the utmost Federal Direct Loan first
  • Borrower must certanly be A us resident or resident that is permanent
  • 7.08% fixed rate of interest for 2019-2020, dependant on the government that is federal
  • Interest accrues through the right time of disbursement
  • A 4.248% origination fee will be subtracted through the quantity lent. Read more