Location: Bowdoin / Student Aid / Loan Summary Table

Student Aid

Loan Summary Table

Loan - Look Up Table

Stafford Subsidized

Stafford Unsubsidized

Perkins

PLUS / Parent Loan

For Student

Yes

Yes

Yes

No

Need-based

Yes

No

Yes

No

U.S. Citizen / Eligible Non-citizens

Yes

Yes

Yes

Yes

Borrowing Limits*

Varies by year in school: 1st Year - $3,500 2nd Year - $4,500 3rd & 4th- $5,500 *Additional $2,000 in unsubsidized each year

Varies by year in school and includes subsidized eligibility in maximum: 1st Year - $5,500 2nd Year - $6,500 3rd & 4th- $7,500

$5,500 Annually

Cost of Education minus all financial aid resources

Fees (origination)

Yes

Yes

No

Yes

Interest Rate

Variable Fixed**

Variable Fixed**

5% Fixed

Variable Fixed**

Interest During School

No

Yes

No

Yes

Standard Repayment Period

10 Years

10 Years

10 Years

10 Years

Repayment Begins

6 months after leaving school, or drops below half-time

6 months after leaving school, or drops below half-time

9 months after leaving school, or drops below half-time

6 months after leaving school, or drops below half-time

Application Instructions

Bowdoin - Federal Parent/Student Loan Application Instructions  

**Variable Fixed - borrowers will receive a new rate with each new loan, but then the rate would be fixed for the life of the loan.