FEDERAL DIRECT LOANS

Direct Unsubsidized Loans

•  Non-need based

•  Must complete Entrance Counseling and a Master Promissory Note on www.studentaid.gov.

•  Accrues interest from date of disbursement

•  Payments are deferred until graduation or until a student ceases enrollment

•  Can borrow up to cost of attendance or $20,500 annually, whichever is lesser

Graduate PLUS Loans:

•  Must apply and be approved on www.studentaid.gov

•  Can borrow up to cost of attendance

•  Student must complete a PLUS Master Promissory Note on www.studentaid.gov

ALTERNATIVE LOANS

•  Private bank loans with varying interest rates based on credit

•  Often have no loan fee

•  Loan Vendor Options (or choose any loan vendor of your choice)

TEACH GRANT

(MEd & CAGS Student Only)

•  Students must notify AIC of their interest in the Teach Grant by emailing financialaid@aic.edu

•  Must complete Teach Counseling and an Agreement to Serve each year at www.studentaid.gov

•  Must maintain a cumulative GPA of 3.25

•  Information on who qualifies: www.studentaid.gov