Financing Your Antioch Education With Loans

For help organizing your finances, download our Budget Worksheet (PDF 138K).

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. For 2016/2017, the living allowance is $2,056/month and the book allowance is $50/credit.

Interest Rates:

New loans disbursed between 7/1/2016 and 7/1/2017 are at a 5.31% fixed rate.

Program Annual Maximums for 2016/2017

$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).

Lifetime maximums are $224,000 including undergraduate loans.

Annual maximums for PsyD students are as follows:

Year 1*

Direct Loan Additional Direct Loan PsyD Annual Total
$20,500 $12,500 $33,000

Years 2-4**

Direct Loan Additional Direct Loan PsyD Annual Total
$30,750 $16,667 $47,417

*Annual total paid in two disbursements.
**Annual total paid in three disbursements.

Loan Fees: (1.068% – 4.272%) 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. New PLUS loans disbursed between 7/1/2016 and 7/1/2017 are at a 6.31% fixed rate.

The Direct Loan Program is a federally guaranteed student loan program. Most graduate students are eligible to borrow up to $10,250 per term provided they meet eligibility criteria. To determine eligibility for the Direct Loan complete a Free Application for Federal Student Aid at

The Direct Loan Program

Unsubsidized Federal Direct Loan

  • Interest Rate: 5.31 percent fixed for loans disbursed as of July 1, 2016. Federal Direct Loan interest begins to accrue upon the first disbursement. You have the option to pay accruing interest. This will help limit the total interest capitalized once you enter repayment.
  • Maximum Loans: $10,250 per term; lifetime of $138,500 including undergraduate loans. Doctoral students in Clinical Psychology have a lifetime maximum of $224,000 including undergraduate loans.
  • Fees: Processing and guarantee fees may be deducted from each loan disbursement by your lender.

A Graduate Direct PLUS loan is an unsubsidized loan that is limited to the Cost of Attendance minus aid received. To apply, please see the Financial Aid office to determine maximum eligibility and for directions. PLUS loans are credit based with a 6.31% fixed interest rate for loans disbursed as of July 1, 2016.

For more information, go to Direct PLUS Loans for Graduate and Professional Degree Students

Deferment of Previous Loans

Previous student loans may be deferred once you are matriculated and registered as a half-time student. Students who have outstanding loans from periods that began prior to July 1, 1987 must be registered full time in order to defer these loans.

The Office of the Registrar automatically reports enrollment status to the National Student Loan Clearinghouse. If you continue to receive bills from your lender, you may request an In School Deferment Form from your lender(s) to turn in to the Office of the Registrar. The Registrar’s Office will complete this and return it to your lender(s). You should continue to pay your student loans until you receive confirmation of their deferment status.