Location: Bowdoin / Student Aid / Loan Summary Table

Student Aid

Quick View - Student/Parent Loan Options

Loan - Look Up Table

Federal Direct Subsidized

Federal Direct Unsubsidized

Federal Perkins

Federal Parent PLUS Loan

Private Education Loans

For Student

Yes

Yes

Yes

No

Yes

Need-based

Yes

No

Yes

No

No

U.S. Citizen / Eligible Non-citizens

Yes

Yes

Yes

Yes

Yes

Borrowing Limits

Annual Loan Limit Varies By Year in School:
1st Year - $5,500 (Max $3,500 Subsidized)
2nd Year - $6,500 (Max $4,500 Subsidized)
3rd & 4th Year - $7,500 (Max $5,500 Subsidized)
*Subsidized/Unsubsidized amounts determined by the Student Aid Office

$5,500 Annually

Cost of Education minus all financial aid resources

Fees (origination)

Yes

Yes

No

Yes

Varies by lender/program

2016-17
Interest Rate

3.76% Fixed**

3.76% Fixed**

5% Fixed

6.31% Fixed**

Fixed/Variable - varies by lender/program

Interest During School

No

Yes

No

Yes

Varies by lender/program

Standard Repayment Period

10 Years

10 Years

10 Years

10 Years

10 Years

Repayment Begins

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 Student Loan Application Instructions 

Bowdoin Parent Loan Application Instructions

Apply directly with the lender/loan program***

**Rate for July 1, 2016 - June 30, 2017. Interest rates change annually on July 1 but are fixed for the life of the loan.
***Private Education Loan Options - please review these websites for assistance: