Various types of loan programs are available to help you in financing your education. We recommend borrowing federal loans before alternative loans offered by private lenders.
Clarkson's federal cohort default rate is consistently below the national average. The three-year cohort default rate for FY 2016, published in September 2019 was 1.6 percent. This compares to the national average of 10.1 percent.
Seventy-one percent of students at Clarkson receive federal student loans. The average student loan debt after graduation is $25,688. The typical monthly loan payment is $267.
Students with multiple federal loans may wish to investigate loan consolidation.
NSLDS is a website you may visit to review your federal loan borrowing history and determine who your loan servicer is.
Federal regulations require Clarkson to provide a Student Loan Code of Conduct. This ensures the integrity of the administration of all student loan programs.
Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013
The table below reflects the origination fee percentages based on the first disbursement date for Direct Subsidized Loan, Direct Unsubsidized Loan, Direct PLUS Loan awards.
|For any loan disbursement for a loan where the first disbursement is/will be:||The origination fee percentage for Direct Subsidized and Direct Unsubsidized Loans is:||The origination fee percentage for Direct PLUS Loans is:|
|On or after 7/1/2013 and before 12/1/2013||1.051%||4.204%|
|On or after 12/1/2013 and before 10/1/2014||1.072%||4.288%|
|On or after 10/1/2014 and before 10/1/2015||1.073%||4.292%|
|On or after 10/1/2015 and before 10/1/2016||1.068%||4.272%|
|On or after 10/1/2016 and before 10/1/2017||1.069%||4.276%|
|On or after 10/1/2017 and before 10/1/2018||1.066%||4.264%|
|On or after 10/1/2018 and before 10/1/2019||1.062%||4.248%|
|On or after 10/1/2019 and before 10/1/2020||1.059%||4.236%|
|On or after 10/1/2020 and before 10/1/2021||1.057%||4.228%|
|On or after 10/1/2021 and before 10/1/2022||1.057%||4.228%|