>> Graduate Student
Financial Aid Index >> Loan Information
Notre Dame Loan
for Graduate, Law, and Graduate Business
Students
View the Graduate/Professional PLUS and ND Loan Brochure
Apply
online for a Notre Dame Loan
The University of Notre Dame, in cooperation with Citibank and its
Student Loan Corporation (SLC), offers a very competitively priced
non need-based student loan program to assist Graduate, Law and Graduate
Business students with the financing of their education.
Benefits of this loan program include:
- Variable interest rate based upon the 91-day
T-Bill plus 2.00%. The interest rate is adjusted quarterly.
As of 1/1/2008, the rate is 5.50%.
- No loan fees
- Students who have established a sufficient
positive credit history may apply without a cosigner. Students
with no credit history will need to have a creditworthy U.S. citizen or permanent resident cosigner
in order to apply. International students (who are not U.S.
citizens or permanent residents) must apply with a creditworthy
U.S. cosigner.
- Interest accrues but is not capitalized during deferment periods and is added to principal at repayment
- Repayment of accrued interest and principal
begins nine months after the student ceases to be enrolled
in school not to exceed seven years from the first disbursement
of the first loan and generally extends up to 15 years
- Students may apply annually for up to the
total cost of attendance less all other financial aid that
is awarded.
- The aggregate borrowing limit is $180,000.
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Students considering both the Stafford Loan (subsidized or unsubsidized)
and the Notre Dame Loan are strongly encouraged to also consider using
Citibank as their Stafford Loan lender. For ease during the repayment
period, provisions have been made for such borrowers to have one billing
statement sent by Citibank's Student Loan Corporation, thus providing
one monthly repayment process for both loans.
Additional information may be obtained from Citibank Student Loans
at 1-800-967-2400.
Apply
online for a Notre Dame Loan