Loans
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Federal Direct Stafford Loan |
Federal Direct Grad PLUS Loan |
Yale International Loan |
Private Education Loan |
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| Citizenship requirement | US citizen or permanent resident | US citizen or permanent resident | International (not US citizen or permanent resident) | US citizen or permanent resident as primary borrower or co-borrower | ||||
| Maximum annual amount | Up to $20,500 | Single student cost of attendance less all other resources | Single student cost of attendance less all other resources or $30,000, whichever is less (exceptions on a case-by-case basis) | Single student cost of attendance less all other resources | ||||
| Annual interest rate | 6.079% fixed | 7.079% fixed | 7.75% fixed | Fixed or variable, dependent on credit of primary borrower (and co-borrower, if applicable) | ||||
| Fee | 1.059% | 4.236% | 5% | 0 to 3%, dependent on lender | ||||
| Credit check required | No | Yes | No | Yes | ||||
| Interest subsidy | No | No | No | No | ||||
| When repayment required* | 6 months | 6 months | 6 months | Immediately to 6 months, dependent on lender | ||||
| When interest capitalized* | 6 months | 6 months | 6 months | Dependent on lender | ||||
| Repayment information |
Repayment plans Repayment calculator See forms below |
Repayment plans Repayment calculator See forms below |
Yale Student Loan Billing and Payment Office | Dependent on lender | ||||
| Estimated monthly payment per $10,000 borrowed** | $108 | $113 | $120 | Dependent on lender | ||||
| Servicer | FedLoan, Great Lakes, Nelnet or Navient | FedLoan, Great Lakes, Nelnet or Navient | Yale Student Loan Billing and Payment Office | Dependent on lender | ||||
| How to apply |
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*Following separation from school or otherwise dropping below half-time enrollment status
** Under a standard 10-year repayment plan. For Federal Direct Loans and Federal Direct Grad PLUS Loans, additional repayment plans may be available. See “Repayment plans” link above.
