Loan Comparison Charts
Compare your loan rates
Loan rates and fees vary by lender, and not all offer some type of grace period before you need to start repaying. Look over your financial aid awards, and if you were awarded more than one loan, review the breakdown below to determine which loan options are best for you.
Undergraduate Loan Comparison Chart
Know the loan rates before you borrow.
|
2023-24 Interest Rate
|
2024-25 Interest Rate
|
Loan Fee
|
In School Interest Deferment
|
Grace Period
|
*Notes
|
|
|---|---|---|---|---|---|---|
|
Federal Direct Subsidized Loan
|
5.50%
|
6.53%
|
1.057%
|
YES
|
6 months
|
1,2
|
|
Federal Direct Unsubsidized Loan
|
5.50%
|
6.53%
|
1.057%
|
NO
|
6 months
|
1,2
|
|
Federal Direct Parent PLUS Loan
|
8.05%
|
9.08%
|
4.228%
|
NO
|
60 days after the final disbursement
|
1,2
|
|
University Loan (subsidized)
|
5%
|
5%
|
0%
|
YES
|
6 months
|
2,3
|
|
Hawk Loan (only available to certain majors)
|
0%
|
0%
|
0%
|
N/A
|
No Grace Period
|
2,3
|
|
Private / Alternative Loans (credit based)
|
Varies based on credit check
|
Varies based on credit check
|
Varies by lender
|
Varies by lender
|
Varies by lender
|
4
|
Graduate Loan Comparison Chart
Know the loan rates before you borrow.
|
2023-24 Interest Rate
|
2024-25 Interest Rate
|
Loan Fee
|
In-School Interest Deferment
|
Grace Period
|
*Notes
|
|
|---|---|---|---|---|---|---|
|
Federal Direct Unsubsidized Loan
|
7.05%
|
8.08%
|
1.057%
|
NO
|
6 months
|
1,2,4
|
|
Federal Direct Grad PLUS Loan (credit based)
|
8.05%
|
9.08%
|
4.228%
|
NO
|
6 months
|
1,2,4
|
|
Private/Alternative Loans
|
Varies based on credit check
|
Varies based on credit check
|
Varies by lender
|
Varies by lender
|
Varies by lender
|
3
|
|
Footnotes: *Note 1 - 2023-24 Interest rates are for new Direct Loans made on or after July 1, 2023, and before July 1, 2024; 2024-25 Interest rates are for new Direct Loans made on or after July 1, 2024, and before July 1, 2025. *Note 2 - For federal loans, deferment options may be available for college attendance, financial hardship and active military service. Forbearance options may be available if deferment terms are not met. Discharge may be available for death/permanent disability. For federal loans, there may be cancellation provisions for teachers and other designated public service professions. *Note 3 - Deferment, forbearance, discharge and cancellation of Private/Alternative loans vary by lender. *Note 4 - Loan fee amounts are for loans first disbursed on or after October 1, 2023 and before October 1, 2024. For detailed loan information, please visit www.ofas.uci.edu and/or studentaid.gov. |
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