Loan Programs

Education loans are just one of various ways to help finance your Tuck education.

Eligibility, interest rates, repayment terms, and loan limits vary by program. International students can expand their options by securing a U.S. cosigner with a strong credit history. When you take out a loan, funds are sent directly from the lender to Tuck in equal installments on the first day of class and posted to your student account. The loan is first applied to tuition and mandatory fees, with any remaining balance used for other school‑related charges or refunded to you if applicable.

Tuck adheres to the Code of Conduct policy as established by the Higher Education Opportunity Act.

• U.S. Citizen and Permanent Resident Students

  Direct Unsubsidized Loan

  • $20,500 per year.
  • Submission of FAFSA is required.
  • Fixed interest rate of 8.07% (effective 7/1/26-6/30/27).
  • Interest accrues upon disbursal and capitalizes upon repayment.
  • 1.057% origination fee, deducted at disbursement.
  • Repayment begins 6 months after graduation.
  • Standard repayment is 10 years, with extensions up to 25 years available.
  • Learn more at studentaid.gov.

  Federal Direct Graduate Plus Loan

  Beginning July 1, 2026, the Federal Graduate PLUS Loan program will be discontinued for new borrowers. If you are currently enrolled and have already borrowed a Federal loan for your present program, you may be eligible to continue under the existing terms for up to three additional years or until program completion, whichever comes first

  • Borrow up to the cost of attendance less other aid subject to a credit assessment.
  • Submission of FAFSA is required.
  • Fixed interest rate of 9.07% (effective 7/1/26-6/30/27)
  • Interest accrues upon disbursal and capitalizes upon repayment.
  • 4.228% origination fee, deducted at disbursement.
  • Repayment begins 6 months after graduation.
  • Standard repayment is 10 years, with extensions up to 25 years available.
  • Loan application is originated by the student.
  • Learn more at studentaid.gov.

  Tuck 5% Loan

  • $10,000 per year.
  • Automatically considered with submission of FAFSA.
  • Available for those with the highest demonstrated financial need.
  • No interest while enrolled, fixed 5% interest accrual during repayment.
  • 3-month grace period with a 10 year repayment.

  Private Education Loans

  • Visit ELMSelect for a historical list of lenders Tuck students have borrowed from.
  • Tuck does not have a preferred lender list. Under federal law, you have the right to borrow from the lender of your choice.
  • Borrow up to the cost of attendance less other aid.
  • Tuck will certify the approved loan amount.
  • Loan terms, interest rates and aggregate lending limits will vary by lender.
  • Loan application is originated by the student.

  
  All rates and terms are subject to change without notice.

• International Students

  Tuck 5% Loan

  • $10,000 per year.
  • Automatically considered with submission of International Application for Financial Aid.
  • Available for those with the highest demonstrated financial need.
  • No interest while enrolled, fixed 5% interest accrual during repayment.
  • 3-month grace period.

  Private Education Loans

  • Visit ELMSelect for a historical list of lenders international Tuck students have borrowed from.
  • Tuck does not have a preferred lender list. Under federal law, you have the right to borrow from the lender of your choice.
  • Borrow up to the cost of attendance less other aid.
  • International students can maximize their options by identifying a U.S. cosigner with positive credit history. Tuck will certify the approved loan amount.
  • Loan terms, interest rates and aggregate lending limits will vary by lender.
  • Loan application is originated by the student.
• Repayment

  Curious how much you will owe after graduation? Below is the estimated monthly repayment for the various loans available to graduate students based on the maximum loan eligibility. Grad PLUS and private educational loans are based upon the assumption that the student is borrowing the full Federal Direct Unsubsidized Loan.

  	Amount Borrowed	Interest Rate	Origination Fee	10 yr Repayment	15 yr Repayment	25 yr Repayment
  Federal Direct Unsubsidized Loans	$20,500	7.94%	1.057%	$248	$195	$157
  Private Loans*	$100,000	8.00%	0.00%	$1,213	$956	$772
  Tuck 5%	$10,000	5.00%	0.00%	$106	n/a	n/a

  *Interest rate and origination fee for private loans will vary by lender.

  Figures are based on one academic year and reflect simple interest only; capitalization of federal loan interest at repayment is not included.

• Consolidation and Refinance

  Federal student borrowers can consolidate their federal loans into one loan. The interest rate now becomes a weighted average of all the loans rounded up to the nearest one-eighth of one percent. Learn more about consolidation from the Federal Student Aid Office of the U.S. Department of Education.

  Student loan refinancing allows the borrower to take out a new loan to pay off the existing loans. This is done through a private student loan lender. Some lenders will allow borrowers to include both federal and private education loans, typically resulting in a lower interest rate.