Student Loan Comparision

Loan Comparisons

STUDENT LOANS

  Interest Rate/Origination Fee Yearly Borrowing Limits Eligibility Payment Plans and Forgiveness (Yes/No)

FEDERAL LOANS

 

Direct
Subsidized


Rate - 2.75%
Orig Fee - 1.059%


Varies from
$3,500 -$5,500

  • Must demonstrate financial need.
  • Interest is not charged while enrolled in school.

Payment Plans - Y
Forgiveness Options -Y

Direct Unsubsidized

Rate - 2.75%
Orig Fee - 1.059%

Varies from
$2,000-$12,500
  • Not based on financial need.
  • Interest is charged from the date of disbursement.
Payment Plans - Y
Forgiveness Options -Y

STATE LOANS

 
NC Assist

Rate - 5.7%
Orig Fee - 0%

Up to Cost of
Attendance
  • Must be credit-worthy and have the required credit score,
  • or have a co-signer who meets the credit requirements
Payment Plans - N
Forgiveness Options -N

NC Forgivable
Educational
Loan            

Rate - 8%
Orig Fee - 0%
Up to $7,000
  • Must meet certain eligibility requirements, and approval from NCSEAA. 
  • After graduation, if the work requirement is fulfilled, the loan is canceled.
Payment Plans - N
Forgiveness Options -Y

PRIVATE LOANS

Rate - Based on Credit Score
Orig Fee - 0%

Usually up to Cost of Attendance Refer to our Recommended Lender List for more information. Payment Plans - Depends
Forgiveness Options -N





How to Apply