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Federal Loans to Students

Unlike grants or work-study, a loan is money that must be repaid.  You, the student, must repay your loans even if you do not complete your program.  You are legally obligated to repay your loans so we encourage you to fully read and understand the terms and conditions of each loan type before accepting a loan. 

The minimum requirements for consideration of any federal loan is a complete FAFSA application, admission into a degree-seeking program, and at least half-time enrollment.  Click on a loan type below for expanded information on each loan type.

- Federal Direct Subsidized and Unsubsidized Loans (Stafford Loans)

  • Colorado State University participates in the William D. Ford Direct Loan program (Direct Loans).  This means that the Stafford Loans we offer are funded by the Department of Education to you, the student.  You are automatically considered for a Direct Loan after submitting your FAFSA.

  • Subsidized loans do not have interest accruing while you are in school.  Unsubsidized loans have interest accruing while you are in school or in deferment.  What determines whether or not a loan is subsidized or unsubsidized is your financial need calculated based on your FAFSA data.  The amount you can qualify for depends on your class level.  Independent undergraduate students are eligible for an additional unsubsidized loan only.

Interest Rate for Undergraduates

Date of First Disbursement

Subsidized

Unsubsidized

7/1/14 - 6/30/15

4.66%

4.66%

7/1/15-6/30/16

4.29%

4.29%

7/1/16-6/30/17

3.76%

3.76%

Interest Rate for Graduates:

Date of First Disbursement

Unsubsidized

Before July 1, 2016

5.84%

7/1/16 - 6/30/17

5.31%

Origination Fee

Date of First Disbursement

Origination Fee % for Direct Subsidized and Unsubsidized Loans

on or after 10/1/15 and before 10/1/16

1.068%

on or after 10/1/16 and before 10/1/17

1.069%

 

 

 

 

 

 

- Federal Perkins Loans

  • The Federal Perkins Loan (Perkins Loan) is a need-based loan. Funds are provided from the Federal Government and from payments collected from students repaying their Perkins loans.  Perkins loans are generally awarded to undergraduates.

  • While you are in school or in deferment, the loan does not accrue interest.  While you are in repayment, the interest rate is a fixed 5.0 percent.  There are no loan origination fees.

  • Colorado State University is your lender for this loan so once your loan enters repayment, you will make payments back to the University.  Repayment begins 9 months after you graduate, drop below half-time or withdraw.

  • Funding is limited so the actual awarded amount may be less than the federal maximum and may also vary from year to year.

- Health Professions Student Loan

  • The Health Professions Loan (HPL) is a subsidized, low-interest loan available to students enrolled in the Doctorate of Veterinary Medicine program with financial need.

  • To qualify for this loan you must provide parental information on your FAFSA.  Parental information is used only to determine if you qualify for a Health Professions Loan.  It is not used to calculate your eligibility for other financial aid.
  • Colorado State University is the lender for this loan. Funds are provided from the Department of Health and Human Services and from payments collected from prior students repaying their HPL.
  • While a student is in school or in deferment, the loan does not accrue interest.  While the loan is in repayment the interest rate is a fixed 5.0 percent.  There are no loan origination fees.
  • Repayment begins 12 months after you graduate, drop below full-time, or withdraw.
  • Funding is limited so the actual awarded amount may be less than the federal maximum and may also vary from year to year.
  • If awarded a HPL and would like to accept it in a nonelectronic form, please contact Student Financial Services.

- Graduate PLUS Loans

  • The Graduate PLUS loan (Grad PLUS) is available to students at the graduate level through the Direct Loan program.

  • This loan is dependent on a credit check.  If it is determined that you have an adverse credit history, you will have the ability to obtain an endorser.
  • This loan is a type of unsubsidized loan so interest does accrue while you are in school or in deferment.

Interest Rates

Date of First Disbursement

PLUS

Before July 1, 2016

6.84%

7/1/16 - 6/30/17

6.31%

Origination Fee

Date of First Disbursement

Origination Fee % for Direct PLUS Loans

on or after 10/1/15 and before 10/1/16

4.272%

on or after 10/1/16 and before 10/1/17

4.276%

 

 

 

 

 

 

Review our Loan Comparison Chart in the publication Your Financial Aid Guide for more information on differences between loans and the Loan Maximums page for annual and aggregate limits.