Interest Rates and Repayment

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Please visit The Federal Student Aid website for details on current interest rates for Direct Loans, which are included in the terms of your loan.

Please visit the Repayment Section of the above website in order to view some sample repayment plans, to give yourself a good idea of the requirements you will have to meet when your loan goes into repayment after you complete/leave your studies. The website also contains sample monthly repayment amounts.

Borrowers of unsubsidised loans have the option of paying interest while still in their studies at the University.

The borrower must repay the full amount of the loan regardless of whether the borrower completes the program, is unable to obtain employment upon completion, or is otherwise dissatisfied with or does not receive the educational or other services the borrower has purchased from the University.

If a student falls into default on any of their previous loans, they will be ineligible for any further financial aid, until they have rectified their default status.