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Volume 72, Issue 83, Thursday, February 1, 2007

News

Making Sense of Student Loans

UH emergency tuition loans

Amount: Total tuition and fees due, other than incidental charges, like parking
Term: 90 days or end of term
Interest Rate: 5 percent per anum
Requirements: No outstanding debt to UH

UH short-term loans

Amount: All school charges
Term: 45 days or last class day
Interest Rate: 12 percent per anum
Requirements: Enrolled in minimum of six hours

Federal Perkins loan

Amount: $1,500 to $4,000 a year, as determined by eligibility
Term: 10 years
Interest Rate: 5 percent
Requirements: "Exceptional financial need"

Federal Stafford loan

Amount: Limits vary by academic year
Term: 10 years
Interest Rate: Varies by loan provider
 

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