Stafford Loan: Federal loan with a fixed 6.8% interest rate. The principal and interest may be deferred until six months after the student is no longer enrolled. The minimum monthly payment is $50, and the standard repayment is 10 years.
Subsidized Federal Stafford Loan: Need-based, student is not responsible for interest charges while enrolled at least half-time. May borrow up to $8,500 per year.
Unsubsidized Federal Stafford Loan: Non-need-based, interest accrues while the student is enrolled. May borrow up to an additional $12,000 per year.
Federal Work-Study: Federally funded work program. Students work part-time, and wages are paid jointly by federal funds and the University.
Federal GRAD PLUS Loan: Credit-based loan with a fixed 8.5% interest rate. Contact lender for repayment information. May borrow up to the cost of education less other financial aid.
Nurse Faculty Loan Program: Federal loan for full-time graduate nursing students intending to become faculty members. Up to 85% of loan may be forgiven while serving as full-time nursing faculty after graduation. Contact the School of Nursing for further information.
Saint Xavier University 2008-2009 Catalog
Please visit the SXU Web site for the most recent information.