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Applying for Student Loans at the University of Bridgeport

eMail: finaid@bridgeport.edu
phone: (203) 576-4568
fax: (203) 576-4570

I want to learn more about:

 

 

Federal Perkins Loan - Perkins Loans are awarded to undergraduate students first, and then to graduate students based upon the availability of funds.  The interest rate is fixed at 5%, repayment begins 9 months after the student ceases to be at least half-time.

Federal Stafford Loan (Subsidized) - Subsidized Stafford Loans are available for undergraduate and graduate students.  The interest rate is fixed at 6.8%.  Repayment begins 6 months after the student ceases to be at least half-time and minimum payments are $50 per month.  The government pays the interest on the Subsidized Stafford loan during in-school periods and during the 6 month grace period.   Subsidized Stafford Loan limits are as follows:

Grade Level

Amount

Freshmen

$3,500

Sophomore

$4,500

Junior

$5,500

Senior

$5,500

Graduate

$8,500

Federal Stafford Loan (Unsubsidized) - Unsubsidized Stafford Loans are available for independent students on both the undergraduate and graduate level.  The interest rate is fixed at 6.8%.  Repayment begins 6 months after the student ceases to be at least half-time and minimum payments are $50 per month.  Interest on the Unsubsidized Stafford Loan accrues from the day the loan is approved.  Students may pay interest as they go, or capitalize their interest payments.  Unsubsidized Stafford Loan limits are as follows:

Grade Level

Amount

Freshmen

$4,000

Sophomore

$4,000

Junior

$5,000

Senior

$5,000

Graduate

$12,000

Federal Parent Loans for Undergraduate Students (PLUS) - PLUS loans are available for credit-worthy parents of dependent, undergraduate students.  Graduate and Professional students may also apply for the PLUS to meet cost of attendance. The interest rate is fixed 8.5%.  Repayment begins 60 days after the loan is fully disbursed and minimum payments are $50 per month.  Interest on the PLUS Loan accrues from the day the loan is approved. 

 How much can I borrow?
The amounts you can borrow depend on your grade level in school and on the type of student you are: dependent undergraduate, independent undergraduate (or a dependent undergraduate whose parents are unable to get a PLUS Loan), or a graduate student.

Annual Loan Limits for Subsidized and Unsubsidized Stafford Loans
 
Dependent
Undergraduate
Student
Independent
Undergraduate
Student
Graduate/
Professional
Student
1st Year
$3,500
$7,500 - No more than $3,500 of this amount may be in subsidized loans.
$20,500 - No more than $8,500 of this amount may be in subsidized loan.
2nd Year
$4,500
$8,500 - No more than $4,500 of this amount may be in subsidized loans.
3rd and 4th Years (each)
$5,500
$10,500 - No more than $5,500 of this amount must be in subsidized loans.
Maximum Total Debt from Stafford Loans When You Graduate
$23,000
$46,000 - No more than $23,000 of this amount may be in subsidized loans.
$138,500 - No more than $65,500 of this amount may be in subsidized loans.
    The graduate debt limit includes Stafford Loans received for undergraduate study.
 
 

Loan Repayment Calculator

 

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