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Federal Loan Comparison

Stafford Loan Subsidized	Stafford Loan Unsubsidized	Perkins Loan	Parent PLUS Loan
Interest Rate
5.6% fixed	6.8% fixed	5% fixed	8.5% fixed
Fees
Through June 30, 2010: Up to 1.5% in fees that includes a 1.5% federal origination fee and a 1% federal default fee.		None	Up to 4%: a 3% federal origination fee and a 1% federal default fee.
Annual Loan Limits
Dependent $5,500 first year combined* $6,500 second year combined* $7,500 third and fourth year combined Independent $6,625 first year* $7,500 second year combined* $10,500 third and fourth year combined	Dependent $5,500 first year combined* $6,500 second year combined* $7,500 third and fourth year combined Independent $6,625 first year (up to $2,625 in subsidized Stafford)* $7,500 second year (up to $3,500 in subsidized Stafford)* $10,500 third and fourth year (up to $5,500 in subsidized Stafford)	$4,000	Borrow up to the full cost of your dependent, undergraduate child's education less other aid received.
Aggregate Loan Limits
Dependent $31,000 Independent $57,500	Dependent $31,000 Independent $57,500	$20,000
Repayment
Six months after student graduates, withdraws, or attends school less than half time.		Nine months after student graduates, withdraws, or attends school less than half time.	Starts within 60 days after final disbursement of the loan. You may postpone repayment while your child attends school at least half time. Payment will resume after a six-month grace period.