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

Notre Dame Subsidized Loan

This loan system requires that the pupil debtor repay with interest this way to obtain monetary support. In the event that you be eligible for this loan, it’s going to be a part of your Financial help Notification. Extra conditions and terms are referenced when you look at the master promissory note but additionally include the annotated following:

  • Zero interest even though the pupil is enrolled during the University of Notre Dame on at the least half-time foundation as an undergraduate pupil and throughout the six-month elegance duration enrollment that is following
  • No origination alabama car and payday loan cost or insurance coverage fee
  • 5% fixed price interest throughout 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 very least half-time foundation being an undergraduate pupil, generally expanding more than a 10-year duration
  • $4,000 is normal annually restriction

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