Federal Loan Information

A low interest loan made available to graduate students. (As of the 2012–13 academic year, graduate students are no longer eligible for subsidized loans.) Interest begins accruing at the time of first disbursement of loan funds. Students may choose to pay the interest while in school or have it accrue and be added to the principal amount of the loan. Repayment of interest and principal combined begins six months after the student ceases to be enrolled at least half-time. For new borrowers, the fixed interest rate is currently 6.08% during repayment.

Graduate PLUS loans are federal loans that can help pay education expenses after maximizing their annual unsubsidized loan eligibility. Students must not have an adverse credit history to be approved for this loan. Students whose credit is not approved may obtain credit approval by adding a credit-worthy cosigner to endorse the Graduate PLUS loan. The maximum amount a student can borrow per year may not exceed the total cost of attendance. Graduate students may defer repayment on the Graduate PLUS loans while they are in school. However, there is no six-month grace period as there is with the Federal Direct Stafford Loan program. The fixed interest rate is currently 7.08% during repayment.

  • In-School Deferment of Prior Loans: You may be eligible to defer repayment on existing Federal Direct and/or Stafford loans while you are enrolled at least half time. For Perkins loan deferment, contact the issuing school or your Perkins loan servicer directly.


TEACH Grant Program: The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grants of up to $3,772 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. If you are interested in applying for the TEACH Grant, please complete the CUC TEACH Grant Application.

The TEACH Grant Program is under revision due to the sequestration of the federal government, effective March 1, 2013. Sequestration-related restrictions may reduce the amount of TEACH Grant funds students can receive.

Church Professionals: Graduate students enrolled in an advanced degree church professional program are eligible for the Concordia Supplemental Church Professional Award by completing and submitting the scholarship application.