| |
Subsidized |
Unsubsidized |
Perkins |
PLUS Loan |
Private Alternative Loan |
| Interest on loan accrues while in school? |
No |
Yes |
No |
Yes |
Yes |
| Defer payments to loan principal while attending school at least half time? |
Yes |
Yes |
Yes |
Yes |
Yes |
| Interest rate fixed? |
Depends on undergraduate or graduate status |
Depends on undergraduate or graduate stauts |
Yes at 5% |
Yes at 7.9% |
No, variable |
| Co-signer required of borrower? |
No |
No |
No |
Depends upon borrower credit |
Depends upon borrower credit |
| Credit check required? |
No |
No |
No |
Yes |
Yes |
| How to apply for loan at UNLV? |
FAFSA |
FAFSA |
FAFSA |
FAFSA & PLUS Origination Worksheet |
Complete the Alternative Form Worksheet |
| When does repayment on loan principal begin? |
Six months after the student leaves school or does not re-enroll half time |
Six months after the student leaves school or does not re-enroll half time |
Nine months after the student leaves school or does not re-enroll half time |
Deferment option available if student is enrolled at least half time |
Six months after the student leaves school or does not re-enroll half time |
| Yearly borrowing limits? |
Yes |
Yes |
Yes |
Cost of attendance minus all other aid |
Cost of attendance minus all other aid |
| Paperwork involved? |
- Accept Your Loan Awards Online
- Sign Master Promissory Note Online
- Complete Entrance Loan Counseling Online
|
- Accept Your Loan Awards Online
- Sign Master Promissory Note Online
- Complete Entrance Loan Counseling Online
|
- Accept Your Loan Awards Online
- Sign Master Promissory Note Online
- Complete Entrance Loan Counseling Online
|
- Accept Your Loan Awards Online
- Complete PLUS Loan Origination Worksheet Online
- Sign Master Promissory Note Online
- Complete Entrance Loan Counseling Online
|
- Accept Your Loan Awards Online
- Complete Alternative Loan Worksheet Online
- Follow instructions with your lender
|
