Types of Loans

联邦直接贷款(FDL)是一项联邦财政援助计划，根据该计划，贷款资金可用于学生的教育费用. FDL provides low-interest loans, 本科和研究生每学期至少修满6个学分，并且是美国学生.S. citizens or permanent residents.

The Federal Government provides a comprehensive explanation of all FDL provisions, terminology, and repayment on their Student Aid on the Web website. 点击页面左侧的“联邦学生援助计划”按钮，获取具体助学金和贷款的信息. The following information summarizes the basic FDL terms and conditions.

General Direct Loan Provision

The FDL Program makes two types of loans available to students: a subsidized loan and an unsubsidized loan.

补贴直接贷款资格是根据联邦需求分析方法确定的财务需求. When a student qualifies for a subsidized loan, 在学生入学期间，联邦政府代表学生支付利息，至少在一半时间的基础上，之后六个月(宽限期)。. Students who do not qualify for any or a full subsidized loan are eligible for the unsubsidized Direct Loan. Under the unsubsidized FDL Program, the student is responsible for making the interest payments while enrolled in school. There are two options available regarding these interest payments. Students may make monthly interest payments while enrolled, 或者学生可以同意在偿还时加上贷款本金的利息(这被称为资本化).

Direct loans have a 1% federal fee deducted at disbursement. The interest rate is a fixed rate, which is set by the federal government on July 1 of each year. For undergraduate students, the subsidized/unsubsidized interest rate for 2018-19 is 5.05%. The unsubsidized interest rate for graduate students is 6.60%.

Undergraduate Dependent Students may borrow up to the following annual FDL limits. Annual FDL limits are: $5,500 (only $3,500 may be subsidized) for first year students, $6,500 (only $4,500 may be subsidized) for sophomores, and $7,500 (only $5,500 may be subsidized) for juniors and seniors.

独立本科学生或父母无法获得联邦直接PLUS贷款的受抚养学生可以借到以下年度FDL限额:9美元,500 for first year students (only $3,500 may be subsidized), $10,500 for sophomores (only $4,500 may be subsidized), and $12,500 for juniors and seniors (only $5,500 may be subsidized).

Graduate Students may borrow a maximum of $20,500 in unsubsidized loans.

Students may not borrow more than the annual loan limit in any combination of subsidized or unsubsidized FDL. Also, 学生的年度FDL不得超过批准的联邦出勤费减去任何其他类型的经济援助.

Repayment

Generally, 在学生休学六个月后开始偿还贷款本金，还款时间至少为一半. The standard repayment period may extend up to ten years depending on the total amount borrowed. The minimum monthly payment is $50. Several other repayment plans are available as well.

Application Procedures

To receive a FDL, students must annually file the Free Application for Federal Student Aid (FAFSA), complete Entrance Counseling, and complete a FDL Master Promissory Note (MPN). Although the FAFSA must be completed for each academic year, Entrance Counseling and the FDL MPN are one-time requirements to be completed prior to borrowing the first loan.

Entrance Counseling is a federal requirement for all FDL borrowers. 这种咨询将帮助学生了解富戴劳的条款和规定，以及他们作为借款人的权利和责任. The FDL MPN is designed to serve as a multi-year note, over a maximum ten-year period, and can be used to process a student's FDL in subsequent years. Therefore, students will only need to complete Entrance Counseling and the FDL MPN once for enrollment at Alfred University.

Complete FDL Entrance Counseling and/or MPN

You will need your Federal Student Aid (FAFSA) PIN number to enter the website.

Please note: Both the entrance counseling and the FDL MPN must be completed before your loan can be certified. Alfred University will be notified electronically when you have completed entrance counseling.

The Federal Direct PLUS Loan is a federal educational loan program which provides low-interest loans, 适用于受供养本科生的家长(家长PLUS贷款)和研究生(研究生PLUS贷款). The Federal Direct PLUS Loan is not a need-based loan or based on a specific income level. However, borrowers must demonstrate a satisfactory credit rating to participate. The borrower and student must be U.S. citizens, permanent residents, 或符合条件的非公民，学生必须参加至少一半的时间(每学期六个学分)的学位授予计划.

The Federal Government provides a comprehensive explanation of all Federal Direct PLUS Loan provisions, terminology, and repayment plans on their Student Aid on the Web website. 点击页面左侧的“联邦学生援助计划”按钮，获取具体助学金和贷款的信息. The following information summarizes the basic Federal Direct PLUS Loan terms and conditions.

General Federal Direct PLUS Loan Provisions

PLUS borrowing is limited to the cost of education minus other financial aid resources. For the 2018-19 academic year, PLUS loans have a fixed interest rate of 7.6% which is set by the federal government. Repayment of principle and interest generally begins 60 days after full disbursement. The interest is not subsidized while the student is in school and will begin to accrue with the first disbursement. Federal regulations require 4% Federal fees be deducted from the loan at disbursement.

To participate, borrowers must demonstrate a satisfactory credit rating according to federal guidelines and credit standards. An applicant's credit standing is determined upon receipt of a PLUS Loan application. Applicants determined to have an adverse credit history, may receive a loan if the applicant obtains a credit worthy endorser or successfully appeals a credit decision.

Repayment

The PLUS Loan repayment period begins 60 days after full disbursement of the annual loan amount. For example, 2018-19学年的贷款将在1月初偿还2019年春季学期的贷款时“全额支付”, making the first loan payment of principle and interest due in early March.

The monthly payment and the repayment period will depend on the amount borrowed. The minimum monthly payment will be at least $50, and the repayment period may extend up to 10 years.

在至少半学时(6个或更多学时)注册的毕业生PLUS贷款借款人可能会在注册期间获得延期偿还本金和利息, and for up to 6 months after leaving school.

家长PLUS借款人可以在其代表的本科学生在校期间以及学生毕业或低于半学期入学后的六个月内推迟支付本金和利息. 如果父母本人至少有一半时间在大学攻读学位，也可以推迟付款.

PLUS Application Procedures

To receive a PLUS Loan, the Free Application for Federal Student Aid (FAFSA) must be filed annually for the student. 借款人必须填写PLUS贷款主本票(PLUS MPN)，借款人必须每年申请贷款, and demonstrate satisfactory credit.

Although the FAFSA and a loan request must be completed for each academic year, the PLUS MPN needs to be completed only once. The PLUS MPN is designed to serve as a multi-year note, over a maximum ten-year period, and can be used to process the borrower's PLUS Loan eligibility in subsequent years. Therefore, a borrower will need to complete the PLUS MPN only once during the student's enrollment at Alfred University.

Loan Counseling Required for Graduate Students: Entrance Counseling is a federal requirement for all Graduate PLUS borrowers. 本次咨询会议将帮助研究生了解PLUS贷款的条款和规定，以及他们作为借款人的权利和责任. PLUS Entrance Counseling only needs to be completed once, prior to receiving the first Grad PLUS Loan.

1. File the FAFSA.
2. Complete the PLUS Loan MPN and/or Request a PLUS Loan. You will need your Federal Student Aid (FAFSA) PIN number to enter the website.
3. Complete the required Graduate Student PLUS Entrance Counseling. You will need your Federal Student Aid (FAFSA) PIN number to enter the website.

请注意:入学咨询和PLUS贷款MPN都必须在你的贷款被认证之前完成. Also, Alfred University will be notified electronically when you have completed entrance counseling.

Alumni Loan Program
Source: Alfred University
Awarded by: Alfred University

Eligibility

Undergraduate students enrolled full-time who are U.S. citizens or permanent residents may apply.

Value

Eligibility is based on financial need as determined by the Office of Student Financial Aid. Annual awards generally range from $500 to $2,000. 在学生停止注册为半日制学生后九个月开始偿还贷款加利息. The interest rate is 5%. Minimum monthly payment is $50.

How to Apply

Complete the FAFSA.

Private education loans are non-federal loans offered by private lending institutions. 当需要额外的资源来支付家庭资源和其他形式的财政援助无法支付的教育费用时，一些家庭使用私人教育贷款. 这些贷款通常比联邦直接贷款计划更昂贵，只有在联邦贷款资格(直接和附加贷款)用尽时才可以使用. 以下条款和条件通常适用于大多数私人贷款项目，旨在帮助学生和家庭了解私人贷款. 学生和家庭应该经常咨询贷款人的具体条款和条件的贷款计划，他们正在考虑.

Please visit FASTChoice to start your search for a private education loan.

General Private Loan Provisions

Borrowers

The loan is in the student's name. However, for most loan programs, undergraduates will need a cosigner. Some loans have a cosigner release option after a certain number of on-time monthly payments, typically 24 to 48.

Eligibility Requirements

Applicant must be 18 years of age; a U.S. citizen or eligible non-citizen; enrolled at least half-time in a degree program; credit worthy or apply with a credit worthy cosigner.

Loan Amounts

The maximum amount students may borrow is the school's cost of attendance less other financial aid. Lenders usually have a minimum loan amount of $500 or $1,000.

Interest Rate

私人贷款通常有可变利率，利率是基于一个指数，如伦敦银行间拆放款利率(LIBOR)或PRIME，再加上一个额外的百分比，这取决于申请人和担保人的信用评分. For example, a loan program's interest rates may range from Prime plus 1% to Prime plus 5%. 最高的信用评分将获得Prime + 1%，最低的信用评分将获得Prime + 5%.

Repayment Terms

Payment periods typically range up to 15 or 20 years depending on the amount borrowed. Some loans allow a longer period. Repayment options generally include immediate repayment of principle and interest, interest-only payments during enrollment, or deferred principal and interest payments during enrollment.

Private Loan Options-Information

For most private loan programs, students must annually complete an application for each academic year. The loan application may be completed on-line at the lender's web site.

The first step is to choose a private loan which will meet the family’s and student’s needs. To assist families with researching lenders, Alfred University provides a list of lenders through the FASTChoice website. Please note, this list does not include all private loan lenders and students may look beyond this group. It is simply a listing of lenders which AU students and families have used over the past three years. Students may choose any private loan they wish and are not obligated to use a lender from this list. In addition, FASTChoice网站提供了良好的消费者信息，包括对贷款条款和条件的比较工具, helpful repayment calculators, as well as links to the online application(s).

Alfred University does not endorse or recommend any specific lender(s) for a private education loan. The terms and conditions for these loans vary, and families must research and decide which loan(s) best meet their needs.

Please visit FASTChoice to start your search for a private education loan.

Summer School

目前对暑期学校的私人贷款感兴趣的学生应该访问学生经济援助办公室进行咨询，并探索暑期学校的援助选择.