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Any Questions?

Karla Glasser
kpglasser@stkate.edu

Michael Larson
mslarson@stkate.edu

Mai Nhia Xiong-Chan
mxiongchan@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 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.