Financing Your Antioch Education With Loans

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Direct Loan Program Types:

Unsubsidized Federal Direct Loans are not based on financial need and are available to students regardless of income. Because this loan is not subsidized by the government, the student is responsible for all interest that accrues during in-school, grace, and deferment periods. You may choose to make periodic interest payments to the lender or opt to have the accrued interest capitalized (added to) the principal loan amount. Eligibility is determined by subtracting all other aid from the Cost of Attendance up to the annual maximum.
Cost of Attendance is equal to the sum of tuition, fees, living allowance, and book allowance for the period of enrollment during the academic year June 2012—May 2013. For 2012/2013, the living allowance is $2,006/month and the book allowance is $500/term.

Interest Rates:

New loans in 2012-'13 are at 6.8% fixed.

Program Annual Maximums for 2012/2013

(For information on 2011/2012 maximums, see the 2011/2012 Application Checklist)

$10,250 is the maximum loan amount you are eligible to receive during any academic term for which you are enrolled.

Federal Direct Loan Eligibility Terms of Enrollment

Summer, Fall, Spring (3 terms)
max/term	annual total
$10,250	$30,750

Fall and Spring(2 terms)
max/term	annual total
$10,250	$20,500

Doctoral Students in Clinical Psychology have additional eligibility for unsubsidized loans ($12,500 in the first year and $16,667 in years 2-4).

Loan Fees: (1-4%) based on lender policy may apply, and will be deducted by lender from each disbursement.

Direct Loan Cumulative Maximum: $138,500 including undergraduate loans. For Doctoral Students in Clinical Psychology the maximum is $224,000, including undergraduate loans.

If your cost of education exceeds your maximum Direct Loan eligibility for the award year, you may apply for a Graduate PLUS Loan through the Direct Loan Program. The total aid amount from ALL types of aid may not exceed the Cost of Attendance.

Direct Graduate PLUS Loan is an unsubsidized loan, limited to the cost of attendance minus aid received. To apply, students should contact the Financial Aid office to determine their maximum eligibility and for directions. PLUS loans have a fixed interest rate of 7.9%.

Last Updated: 1/6/12