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Loan Information

Federal Perkins Loans:

Grace Period: 9 mos.
Grace Period Interest: No
Maximum Term: 120 mos.
Interest Rate: 5%
Deferments: Yes
Cancellation: Yes
Consolidation: Yes

Union College Loans:

95001, 95002, 95101, 95201, 95401,96501, 26101 (UC General, Swope, Ryder,Eppler, Schaffer, DASNY)

Interest Rate: 8% with the following exceptions:

95002 Union Loan - Interest rate 6%

95901 Horwitz Loan - Interest Rate: 5%

95301 Nelson Loan - Interest Rate: 3%

Loans terms are as follows:
Grace Period: 6 mos.
Grace Period Interest: No
Maximum Term: 180 mos. ( Union Loan 95002 has a maximum term of `120 months.)
Deferment: Yes
Cancellation: No
Consolidation: No

CAUSE AWARD Loans:

Grace Period: 6 mos.
Grace Period Interest: No
Maximum Term: 180 mos.
Interest Rate: currently 8%
Deferments: Yes
Cancellations: Yes
Consolidations: No