Student Loans
As families plan the details of financing a college education, options such as loans and payment plans often become part of the payment strategy.
Elizabethtown offers a manageable tuition payment plan which is an excellent flexible financing option.
A loan, like a grant or scholarship, is considered a form of financial aid and is offered to a student as part of his or her financial aid package. Many students, past and present, have chosen to invest in themselves through student loans and are benefiting from this investment today! For example, the U.S. Census Bureau statistics indicate that a college graduate will earn over $900,000 more in their lifetime than a high school graduate. Bear in mind, an Elizabethtown College degree has a lasting impact on our students' earning potential. Learn more about Elizabethtown College graduate outcomes here.
Direct Loan Interest Rates for 2020-2021
The assigned interest rate for Federal Direct Loans disbursed on or after July 1, 2020 and before July 1, 2021 are as follows:
Direct Subsidized Loans for Undergraduate Students – 2.75%
Direct Unsubsidized Loans for Undergraduate Students – 2.75%
Direct Unsubsidized Loans for Graduate Students – 4.30%
Direct Parent PLUS and Direct GRAD PLUS Loans – 5.30%
Direct Loan Interest Rates for 2019-2020
The assigned interest rate for Federal Direct Loans disbursed on or after July 1, 2019 and before July 1, 2020 are as follows:
Direct Subsidized Loans for Undergraduate Students – 4.53%
Direct Unsubsidized Loans for Undergraduate Students – 4.53%
Direct Unsubsidized Loans for Graduate Students – 6.08%
Direct Parent PLUS and Direct GRAD PLUS Loans – 7.08%
For more information on historic Direct Loan Interest Rates, please click here.