Loan Comparison Chart

The following chart may help answer questions about the differences in the types of loans available to dental students.

   Federal Direct Unsubsidized   Federal Direct PLUS (Grad PLUS)   Campus-based Private 
Lender  Federal government Federal goverment  School  Private lender 
Eligibility Based on COA  Based on COA  See FAO for details  Credit based, varies by lender 
Citizenship U.S. citizen or permanent resident  U.S. citizen or permanent resident  See FAO for details  Usually U.S. citizen or permanent resident unless cosigner is citizen or permanent resident 
Annual Limit $40,500  COA less other aid  See FAO for details  Varies by lender 
Interest Subsidy None  None  Often interest free during school, see FAO for details  None 
Interest Rate Rate changes on new loans each July 1, then fixed for life of loan  Rate changes on new loans each July 1, then fixed for life of loan  Usually fixed, see FAO for details Fixed or variable
Grace Period 6 months  No grace, but 6-month post enrollment deferment  Often 6-12 months, see FAO for details  Varies by lender 
Repayment Plans Multiple plans, including time-driven and income-driven  Multiple plans, including time-driven and income-driven
Often 10 years, see FAO for details 
Varies by lender
Eligible for Public Service Loan Forgiveness Yes, assuming other requirements met  Yes, assuming other requirements met No No 
Postponement Options Multiple options  Multiple options  See FAO for details  Varies by lender