Loan Programs
Supplementary Loans
For U.S. Citizens and Permanent Residents, Federal Stafford loans only offer approximately $20,500 per year, any additional borrowing to cover tuition and living expenses may be borrowed as a Federal Graduate Plus loan or from a third party lender.
Federal Graduate PLUS Loan
(for U.S. Citizens and Permanent Residents only)
The Federal Government is making available a supplemental loan at a fixed interest rate of 8.5% and 3% origination fee to complement the Federal Stafford Loan. Graduate PLUS loans require that you request 3.1% above the amount needed in order to cover the Graduate PLUS loan origination fee.
- If you wish to take out a Graduate PLUS loan, you must electronically file the 2009-2010 University Financial Aid Application for Federal Loans by no later than May 22 by accessing the University Student Information System using the login information provided in the status change area of the Darden applicant website.
- Apply and sign a promissory note for the Federal Grad PLUS loan with a lender of your choice.
- How to Choose a Lender and Guarantor---http://www.virginia.edu/financialaid/loans.php#Lender
Private Loans
For students interested in searching for available private loans, one source is www.CertifiedPrivateLoans.com. This website allows you to compare private loans from up to ten different lenders. You may also wish to go to www.finaid.org and search for "private student loans."
Computer Loans
All entering students must have a laptop computer. A $3,250 personal computer loan allowance is already allocated to the First-year total budget for those students needing to purchase a computer. This is only applicable for laptops purchased for school use after a candidate has been admitted to The Darden School. Only costs associated with purchasing a computer and support hardware to meet the School's requirement will be considered.
Click here to view the information on the Darden Bundle laptop.