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Student Loans
The U.S. Department of Education administers a variety of programs to help students and their families pay for a post-secondary education. Included in these are both the Federal Direct Student Loan Program (FDSLP) and the Perkins Loan Program. The information below compares these loan programs, providing the basic elements of each.
| Subsidized Stafford | Unsubsidized Stafford | Perkins |
| Need-based, low-interest student loan in which the government pays the interest while the student is in school enrolled at least half-time (6 units). This loan is deferred until the student graduates or drops below half-time. | Low-interest student loan in which the student is responsible for the interest while the student is in school enrolled at least half-time (6 units). This loan is deferred until the student graduates or drops below half-time. | Low-interest student loan for those students with exceptional need. This loan is repaid to the school rather than an outside lender. |
| Amounts: Freshman: $3,500 Sophomores: $4,500 Juniors/Seniors: $5,500 | Amounts: Freshman: $3,500 Sophomores: $4,500 Juniors/Seniors: $5,500 Additional: All students: $2,000 | Amount: All Students: $3,000 |
|
Interest Rate: 4.5% (fixed) | Interest Rate: 6.8% (fixed) | Interest Rate: 5.0% (fixed) |
| Grace Period: 6 mos. after graduation or student drops below half-time | Grace Period: 6 mos. after graduation or student drops below half-time | Grace Period: 9 mos after graduation or student drops below half-time |
| Fee: 1% (.5% upfront rebate that requires 12 on-time monthly payments once the loan enters repayment in order to keep.) | Fee: 1% (.5% upfront rebate that requires 12 on-time monthly payments once the loan enters repayment in order to keep.) | Fee: None |
| Renewal: Re-application required each year through FAFSA |
Renewal: Re-application required each year through FAFSA | Renewal: Re-application required each year through FAFSA |
| Additional Requirements: Master Promissory Note; Loan Counseling | Additional Requirements: Master Promissory Note; Loan Counseling | Additional Requirements: Master Promissory Note; Loan Counseling |
Loans
For questions or to apply via phone, call our admissions department at 800-568-6248 x3363.
- 21726 Placerita Canyon Rd.
- Santa Clarita, CA 91321
- (800) 568-6248
