{"id":990,"date":"2020-10-15T19:49:44","date_gmt":"2020-10-15T19:49:44","guid":{"rendered":"http:\/\/developmenttwo.marymount.edu\/admissions\/?page_id=990"},"modified":"2021-07-21T17:55:23","modified_gmt":"2021-07-21T17:55:23","slug":"loans","status":"publish","type":"page","link":"https:\/\/marymount.edu\/admissions\/financial-aid\/graduate\/loans\/","title":{"rendered":"About Loans"},"content":{"rendered":"<p>Loans are a form of aid that needs to be repaid. Loans for higher education are generally offered at low-interest rates and can be repaid over an extended period of time after the student leaves the institution.<\/p>\n<p>In order to apply for any of the following loans, a FAFSA must be filed in order to determine eligibility. You need to take full responsibility for following the entire loan application process.<\/p>\n<h3>Programs for Graduate Students<\/h3>\n<p>Graduate students have two types of loans available:<\/p>\n<details open=\"open\">\n<summary><strong><span style=\"font-size: 12pt\">Unsubsidized Direct Loan Interest Rates<\/span><\/strong><\/summary>\n<p>The Unsubsidized Federal Direct Loans Unsubsidized Federal Direct Loan is not need-based and the student is responsible for the interest as soon as it is taken out. Repayment on the principle of the loan begins 6 months after the student either graduates or drops below half time. The school determines the amount of your eligibility and it is shown on your financial aid award letter.\u00a0 Students are required to complete the Entrance Counseling and Master Promissory Note (MPN) in order to receive funds from this loan. Visit Federal Student Aid online to accept your loans <a href=\"https:\/\/studentaid.gov\/\"><strong>here<\/strong><\/a>.<\/p>\n<ul>\n<li><a href=\"https:\/\/studentaid.ed.gov\/sa\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noopener noreferrer\">Unsubsidized Federal Direct Stafford<\/a><\/li>\n<\/ul>\n<details>\n<summary><strong><span style=\"font-size: 12pt\">Federal Direct Graduate PLUS Loan Interest Rates<\/span><\/strong><\/summary>\n<p>The Graduate Plus Loan is a low-interest educational loan that can be used to help pay up to the entire cost of education, including tuition, fees, room\/board, and books. The PLUS loan is not based on income or assets, however, to qualify you must pass a credit check. Repayment can be deferred until 6 months after the student graduates or drops below half time. At Marymount, A FAFSA form is required in order to apply for a PLUS loan. Students are required to complete the Entrance Counseling and Master Promissory Note (MPN) in order to receive funds from this loan. Visit Federal Student Aid online to accept your loans <a href=\"https:\/\/studentaid.gov\/\"><strong>here<\/strong><\/a>.<\/p>\n<ul>\n<li><a href=\"https:\/\/studentaid.ed.gov\/sa\/types\/loans\/interest-rates\" target=\"_blank\" rel=\"noopener noreferrer\">Grad PLUS<\/a><\/li>\n<\/ul>\n<\/details>\n<\/details>\n","protected":false},"excerpt":{"rendered":"<p>Loans are a form of aid that needs to be repaid. Loans for higher education are generally offered at low-interest rates and can be repaid over an extended period of time after the student leaves the institution. In order to apply for any of the following loans, a FAFSA must be filed in order to [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/marymount.edu\/admissions\/financial-aid\/graduate\/loans\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":982,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-templates\/left-sidebarpage.php","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","ngg_post_thumbnail":0,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>About Loans - Marymount University<\/title>\n<meta name=\"description\" content=\"Loans are a form of aid that needs to be repaid. Loans for higher education are generally offered at low-interest rates and can be repaid over an extended About Loans, Loans are a form of aid that needs to be repaid. Loans for higher education are generally offered at low-interest rates and can be repaid over an extended period of time after the student leaves the institution.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marymount.edu\/admissions\/financial-aid\/graduate\/loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"About Loans\" \/>\n<meta property=\"og:description\" content=\"Loans are a form of aid that needs to be repaid. Loans for higher education are generally offered at low-interest rates and can be repaid over an extended About Loans, Loans are a form of aid that needs to be repaid. 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Loans for higher education are generally offered at low-interest rates and can be repaid over an extended About Loans, Loans are a form of aid that needs to be repaid. 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