Available loans:
About loans:
| Federal Stafford Loan - Subsidized | |
| Who | Undergraduate or graduate students with demonstrated need. |
| How Much | Annual Maximums: Freshman = $2,625Cumulative Maximums: Undergraduate = $23,000 totalThe same limits apply jointly to subsidized and unsubsidized Stafford Loans. |
| How Long | Annually up to maximum amount allowed (above). |
| How to Apply | Complete FAFSA annually. Contact bank or ACU for student loan application. |
| Deadline | May 1. |
| Other | Subsidized; government pays interest. Current variable rate, capped at 8.25 percent, is subject to change. Interest is paid (subsidized) by the government while in school. Principal is deferred. Variable interest rate adjusted annually on July 1. |
| Federal Stafford Loan - Unsubsidized | |
| Who | Undergraduate or graduate students with no demonstrated need. |
| How Much | Annual Maximums: Freshman = $2,625Cumulative Maximums: Undergraduate = $23,000 totalThe same limits apply jointly to subsidized and unsubsidized Stafford Loans. |
| How Long | Annually up to maximum amount allowed (above). |
| How to Apply | Complete FAFSA annually. Contact bank or ACU for student loan application. |
| Deadline | May 1. |
| Other | Unsubsidized; borrower pays interest. Current variable rate, capped at 8.25% percent, is subject to change. Interest is paid by the borrower while in school. Principal and interest may be deferred at borrower's option. Variable interest rate adjusted annually on July 1. |
| Third Party Loans | |
| Who | Undergraduate or graduate students. Demonstrated need not required. |
| How Much | Cost of education per student minus other aid. |
| How Long | Depends on lender requirements. |
| How to Apply | Contact ACU for more information. |
| Deadline | May 1. |
| Other |
Variable interest rates. Many banks offer additional education loans. |
