Student Loans
- Related Links
- Free Application for Federal Student Aid (FAFSA)
Student loans are a valuable resource available to assist you in meeting the cost of education. You are not required to borrow any loans; however, loans allow you to defray tuition costs over a longer period of time — typically 10 years.
Although sponsored by the federal government, the University of Dayton determines loan eligibility and handles the processing of all applications. To determine your eligibility for a Stafford Loan, complete the FAFSA.
The amount of money you can borrow depends on the type of loan, your status and academic class level. For dependent, undergraduate students, the unsubsidized loan maximums are:
For information about the loan maximums for subsidized loans or loan maximums for independent students, please contact the Office of Financial Aid.
The interest rate for the subsidized Stafford Loan is fixed at 6.0 percent, and the interest rate for the unsubsidized Stafford Loan is fixed at 6.8 percent. You have up to 10 years to repay the loan. Contact the Office of Financial Aid at finaid@udayton.edu for more details.
Borrowers have 10 years to repay the loan, and the interest rate is fixed at five percent. For repayment details, contact the Office of Financial Aid at finaid@udayton.edu.
Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.
Stafford Loan
The Stafford Loan is a federally-sponsored student loan program, which offers two types of loans. Subsidized loans are based on financial need. Unsubsidized loans are not based on financial need.Although sponsored by the federal government, the University of Dayton determines loan eligibility and handles the processing of all applications. To determine your eligibility for a Stafford Loan, complete the FAFSA.
The amount of money you can borrow depends on the type of loan, your status and academic class level. For dependent, undergraduate students, the unsubsidized loan maximums are:
- $5,500 — first year
- $6,500 — second year
- $7,500 per year — remaining undergraduate years
For information about the loan maximums for subsidized loans or loan maximums for independent students, please contact the Office of Financial Aid.
The interest rate for the subsidized Stafford Loan is fixed at 6.0 percent, and the interest rate for the unsubsidized Stafford Loan is fixed at 6.8 percent. You have up to 10 years to repay the loan. Contact the Office of Financial Aid at finaid@udayton.edu for more details.
Perkins Loan
The federal Perkins Loan is based on financial need, and the award maximum is $4,000 per year. Although sponsored by the federal government, the University of Dayton determines loan eligibility and handles the processing of all applications. To determine your eligibility for a Perkins Loan, complete the FAFSA.Borrowers have 10 years to repay the loan, and the interest rate is fixed at five percent. For repayment details, contact the Office of Financial Aid at finaid@udayton.edu.
Private Alternative Student Loans
Private loans for educational expenses are available, and they offer varying interest rates and repayment terms. Additional information is available from the Office of Financial Aid. Visit the Alternative Student Loans Web Site >>Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.
