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Any Questions?

Mai Nhia Xiong-Chan
mxiongchan@stkate.edu

Jennifer McCormach
jmmccormach@stkate.edu

Or contact the Financial Aid Team at (800) 656-KATE

Low-Interest Loans for Freshmen

A variety of loan programs are available to students and parents. Most student loans are offered at low-interest rates with repayment deferred until after graduation. You will receive detailed information about each loan program and any required paperwork with your financial aid award letter.

Award Amount Application Process Repayment Terms
Subsidized Federal Stafford Loan Up to $3,500 for the freshman year. Loan application information sent with award letter from St. Catherine University. Repayment begins 6 months after graduation at a fixed interest rate of 6.0% for loans
made on or after July 1, 2008. Loan must be repaid within 10 years.
Unsubsidized Federal Stafford Loan Up to $3,500 for the freshman year between the subsidized and unsubsidized loan. Loan application information sent with award letter from St. Catherine University. Borrower must pay interest quarterly or defer interest payments while in school with repayment of principal beginning 6 months after graduation. Fixed interest rate of 6.0% for loans
made on or after July 1, 2008. Loan must be repaid within 10 years.
Student Educational Loan Fund (SELF) Up to $7,500 for the freshman year. Loan application information sent with award letter from St. Catherine University. Subject to creditworthiness of co-signer. Borrower must pay interest quarterly while in school with repayment beginning 12 months after graduation at variable interest rate. Loan must be repaid within 15 years.
Federal Perkins Loan Up to $2,000 per year. Students will be asked to sign a promissory note at the beginning of the school year. Repayment begins 9 months after graduation at 5% interest. Loan must be paid within 10 years.
Parent Partnership Grant Varies. Equal to the amount of origination and default (formerly guaranty) fees for the Federal PLUS loan. Parent completes application for Federal PLUS loan. Grant is calculated based on amount borrowed.  
Federal Parent Loan (PLUS) Up to the cost of attendance minus other aid. Loan application sent with award letter from St. Catherine University. May be subject to creditworthiness of parent borrower. Monthly repayment begins 60 days after funds are received at a fixed rate of interest of 8.5%. Loans must be repaid within 10 years.