| 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 the College of St. Catherine.
|
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 the College of St. Catherine. |
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 the College of St. Catherine.
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. |
| CSC Subsidized Parent Loan |
Up to $15,000 per year. |
Loan application sent with award letter from the College of St. Catherine. May be subject to credit-worthiness of parent borrower. |
Monthly repayment at a fixed rate begins 60 days after funds are received. Loan must be repaid within 10 years. |
| Federal
Parent Loan (PLUS) |
Up
to the cost of attendance minus other aid. |
Loan
application sent with award letter from the College of St. Catherine.
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. |