Nonneed-Based Awards for Transfer Students

Unsubsidized Federal Stafford Loan
Eligibility:For students who are ineligible for Subsidized Federal Stafford Loan, or indepedent students who wish to supplement an Subsidized
Federal Stafford Loan.
Annual amounts: For dependent students: Freshman $3,500; Sophomores $4,500; Juniors and Seniors, $5,500. For independent students: Freshmen, $7,500; Sophomores, $8,500; Juniors and Seniors, $10,500.
Terms: Fixed interest rate of 6.0% on loans made on or after July 1, 2008. Interest accrues immediately upon disbursement, with principal payments beginning six months after graduation.

Student Educational Loan Fund (SELF)
Eligibility: Credit review. Credit-worthy cosigner.
Annual amounts: Up to $7,500 annual for undergraduates.
Terms: Variable interest. Interest payments quarterly during enrollment.

Federal PLUS Loan
Eligibility: Credit-worthy parent financing a child's education.
Annual amount: Cost of education minus other aid.
Terms: Fixed interest rate of 8.5 percent. Payment begins 60 days after funds are received