Loan Calculator
Click here to access the Loan Calculator at FinAid.org
Domestic Students – Darden Student Loans are comprised of:
• Federal Stafford Loans (with a yearly maximum of $20,500 per year) which have a fixed interest rate of 6.8%. Standard repayment is 10 years, extended repayment is 25 years. Keep in mind any benefits, such as: interest rate discount you may receive from your lender with auto-debit or 36-48 on-time payments. All benefits maintain monthly payment, just shorten the repayment period.
And either or both:
• Federal Grad PLUS Loans (with a yearly maximum complementing all other financial aid to meet total cost of attendance per year) which have a fixed interest rate of 8.5%. Standard repayment is 10 years, extended repayment is 25 years. Keep in mind any repayment benefits, such as: principal reduction at repayment and/or interest rate discount you may receive from your lender with auto-debit or 36-48 on-time payments. All benefits maintain monthly payment, just shorten the repayment period.
• Private Loans (with a yearly maximum complementing all other financial aid to meet total cost of attendance per year) have floating interest rates based upon Prime or LIBOR with a margin. Repayment terms are between 10 and 15 years. You usually cannot consolidate these loans and repayment benefits are minimal.
International Students – Darden Student Loans are composed of:
• Private Loans (with a yearly maximum complementing all other financial aid to meet total cost of attendance per year) have floating interest rates based upon Prime or LIBOR with a margin. Repayment terms are between 10 and 15 years. You usually cannot consolidate these loans and repayment benefits are minimal.
Click here to access the Loan Calculator at FinAid.org