Study at Bond University

• Types of Aid
  • Overview
  • Interest rates
  • Key terms and participants
• Am I eligible for financial aid?
• Application Guide
  • How to apply
  • University / School code
  • Finding a lender
  • Bond University preferred Stafford Loan Lenders
  • What you should expect from your Lender
• Determining Your Loan Award
  • Financial aid award letter
  • Dependency status
  • Cost of Attendance
  • Financial need assessment
  • Annual loan limits for Stafford loans
  • Disbursements
  • Loan counselling
  • Documents you need to submit to Bond University
  • Requirements for Study Abroad students
• Managing Your Budget
  • Importance of money management
  • Managing your money effectively
  • Practice budget sheet
• Policies and Contacts
  • Satisfactory Academic Progress Policy
  • Contacts

Sidebar

For more information, contact:
Financial Aid Officer
Student Administration
BOND UNIVERSITY QLD 4229

Phone: +61 7 5595 1123
Fax: +61 7 5595 1747
Email: financial_aid@bond.edu.au

Study at Bond University

Financing Your Study

Students Applying for U.S. Federal Loan Programs

Types of Aid

Interest Rates for new Stafford and PLUS Loans from July 1 2008

Subsidized Stafford loans for undergraduate students have a declining fixed interest rate.

July 1, 2008–June 30, 2009 the interest rate is 6%.

July 1, 2009–June 30, 2010 the interest rate is 5.6%.

July 1, 2010–June 30, 2011 the interest rate is 4.5%.

July 1, 2011–June 30, 2012 the interest rate is 3.4%.

Beginning July 1, 2012 the rate is 6.8%.

Subsidized Stafford loans for graduate and professional students and all unsubsidized Stafford loans is 6.8%.

The interest rate on Stafford loans first disbursed beginning July 1, 2006 is fixed at 6.8%.

The interest rate on Stafford loans first disbursed on or after July 1, 1998 but before June 30, 2006 is variable and may change on July 1 of each year but will never exceed 8.25%. The rate is based on:

The 91-day T-bill rate + 1.70% during in-school, grace, and deferment periods.

Starting July 1, 2008 the interest rate on variable rate loans is 3.61%.

The 91-day T-bill rate + 2.30% during repayment periods.

Starting July 1, 2008, the interest rate on variable rate loans is 4.21%.

PLUS Loan

The interest rate on PLUS loans first disbursed beginning July 1, 2006 is fixed at 8.5%.

The interest rate on PLUS loans first disbursed on or after July 1, 1998 but before June 30, 2006 is variable and may change annually on July 1 but will never exceed 9%. The current interest rate on these variable rate PLUS loans is 5.01%