Loans with a first disbursement on or after 7/1/2025 and before 7/1/2026
*Interest rates for loans with a first disbursement date on or after 7/1/2022 have not yet been published.
Federal Subsidized Direct Loan
For the most up to date information please visit .
- Interest Rate: 6.39% fixed during in-school, grace and deferment periods. Interest is paid by the federal government.
- Origination/ Guarantee Fees: 1.057% for new loans聽 (e.g. if $1000 is borrowed, $990 will be applied to the student’s Augsburg account)
- Annual Loan Limits:聽Freshman – $3500, Sophomore – $4500, Junior/Senior – $5500
- Cumulative Loan Limits: Undergraduate – $23,000
- Grace Period:聽6 Months
- Repayment Terms: Standard repayment is 10 years following grace period, though other repayment options may be available
- 顿别蹿别谤尘别苍迟听翱辫迟颈辞苍蝉: Continued education, disability, and unemployment. Contact your lender for other options.
Federal Unsubsidized Direct Loan (Dependent Students)
For the most up to date information please visit .
- Interest Rate: 6.39% fixed during in-school, grace, and deferment periods.
- Origination/ Guarantee Fees:聽1.057% (e.g. if $1000 is borrowed, $990 will be applied to the student’s Augsburg account)
- Annual Loan Limits:聽Combination of subsidized and unsubsidized loans cannot exceed: Freshman – $5500, Sophomore – $6500, Junior/Senior – $7500
- Cumulative Loan Limits:聽Undergraduate: $31,000 (of which, no more than $23,000 can be subsidized)
- Grace Period:聽6 Months
- Repayment Terms:聽Standard repayment is 10 years following grace period, though other repayment options may be available
- 顿别蹿别谤尘别苍迟听翱辫迟颈辞苍蝉:聽Continued education, disability, and unemployment. Contact your lender for other options.
Federal Unsubsidized Direct Loan (Independent Students or Dependent Students whose parents have been denied PLUS)
For the most up to date information please visit .
- Interest Rate: 6.39% fixed, during in-school, grace, and deferment periods.
- Origination/ Guarantee Fees:聽1.057% (e.g. if $1000 is borrowed, $990 will be applied to the student’s Augsburg account)
- Annual Loan Limits:聽Combination of subsidized and unsubsidized loans cannot exceed: Freshman – $9500, Sophomore – $10500, Junior/Senior – $12500
- Cumulative Loan Limits:聽$57,500 (of which, no more than $23,000 can be subsidized)
- Grace Period:聽6 Months
- Repayment Terms:聽Standard repayment is 10 years following grace period, though other repayment options may be available
- 顿别蹿别谤尘别苍迟听翱辫迟颈辞苍蝉:聽Continued education, disability, and unemployment. Contact your lender for other options.
Federal PLUS Loan (for parents of dependent students)
- Interest Rate: 8.94% fixed, during in-school, grace, and deferment periods.
- Origination/ Guarantee Fees:聽4.228% (e.g. if $1000 is borrowed, $958 will be applied to the student’s Augsburg account)
- Annual Loan Limits:聽Cost of education less other aid received.
- Cumulative Loan Limits:聽No Cap
- Grace Period:聽No grace period, but parents can request the loan to enter聽forbearance聽through the lender.
- Repayment Terms:聽Repayment begins within 60 days after final disbursement of loan funds. Up to 10 Years. See Grace Period information.
- 顿别蹿别谤尘别苍迟听翱辫迟颈辞苍蝉:聽Contact lender for deferment or forbearance options.
Private/Alternative Loans
- Interest Rate:聽Variable, based on credit + PRIME or LIBOR.
- Origination/ Guarantee Fees:聽Varies by lender.
- Annual Loan Limits:聽Cost of education less other aid received.
- Cumulative Loan Limits:聽Varies by lender.
- Grace Period:聽Varies by lender.
- Repayment Terms:聽Varies by lender.
- 顿别蹿别谤尘别苍迟听翱辫迟颈辞苍蝉:聽Varies by lender.