Loans



Federal Student Loans

Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.
Federal Direct Loans are available to students regardless of income. Federal Student Loan under Title IV may be more favorable than the provision of private education loans.

  • Federal Perkins Loan - This 5% interest Federal student loan is available to qualified students. The award amounts are based upon need and available funds
  • Federal Direct Subsidized Loan - This Federally subsidized student loan is available to qualified students. These loans are awarded up to $3,033 per six-month program depending upon eligibility, educational program, grade level and previous loan indebtedness under this program.
  • Federal Direct Unsubsidized Loan - This Federally unsubsidized student loan is available to qualified students. These loans are awarded up to $8,233 per six-month program depending upon eligibility, educational program, grade level and previous loan indebtedness under this program.
  • Federal Direct Parent Loan for Undergraduate Students (PLUS) - This Federally guaranteed parent loan is available through qualified participating program lenders to parents of dependent students. Parent eligibility is determined based upon credit requirements established by the lenders. Parents who meet the lender requirements may borrow up to the cost of education minus any financial aid the student is receiving.

Private Loan

Private student loans offer variable rate that came increase or decrease over time, Depend on the market condition. Students should determine the interest rate of, any fees associated with, and repayment terms of any private student loan they are considering before accepting a private student loan. You may not borrow more than your cost of education less any financial aid received.

Median Loan Debt 2011-2012 2012-2013 2013-2014 2014-2015
Federal Loan Debt (Independent) $9,733.00 $9,733.00 $8,233.00 $8,147.00
Federal Loan Debt (Dependent) $5,760.00 $5,766.00 $4,766.00 $4,717.00
Private Loan Debt $17,262.00 $20,000.00 $15,000.00 $13,000.00
Institutional Financial Plan Debt N/A N/A N/A N/A

To contact a financial aid representative,  call +1 800 421 7250 ext 4005, or email financialaid@gia.edu


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