The Notre Dame Subsidized Loan is just a need-based loan made because of the University.

The Notre Dame Subsidized Loan is just a need-based loan made because of the University.

Notre Dame Subsidized Loan

This loan program requires that the learning pupil debtor repay with interest this way to obtain economic help. In the event that you be eligible for a this loan, it’ll be a part of your Financial help Notification. Extra conditions and terms are referenced within the master promissory note but additionally include the immediate following:

  • Zero interest even though the student is enrolled during the University of Notre Dame on at the very least half-time foundation being an undergraduate pupil and through the six-month elegance duration enrollment that is following
  • No origination cost or insurance coverage fee
  • 5% fixed rate interest through the payment
  • Repayment of principal and interest starts 6 months following the student stops become enrolled during the University of Notre Dame on at the least half-time foundation as an undergraduate pupil, generally expanding over a 10-year duration
  • $4,000 is normal annually restriction

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