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

Notre Dame Subsidized Loan

This loan system requires that the pupil debtor repay with interest this supply of economic help. In the event that you be eligible for this loan, it’s going to be incorporated into your Financial Aid Notification. Extra conditions and terms are referenced when you look at the master promissory note but additionally include the immediate following:

  • Zero interest although the pupil is enrolled at the University of Notre Dame on at the very least half-time foundation being an undergraduate pupil and throughout the six-month elegance duration enrollment that is following
  • No origination cost or insurance coverage fee
  • 5% fixed price interest through the payment
  • Repayment of principal and interest starts half a year following the student ceases to be enrolled in the University of Notre Dame on at the very least half-time foundation as an undergraduate pupil, generally speaking expanding over a period that is 10-year
  • $4,000 is normal annually limitation

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