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

Overview

Overview of FFEL Program Bond University participates in the Federal Family Education Loan (FFEL) Program, which offers Stafford and PLUS loans to U.S. Citizens.

The loan types that are available:

Subsidized Stafford Loans are awarded to students who demonstrate financial need. The federal government pays your interest while you are in school at least half-time, during the grace period and any periods of deferment. Although you are not required to make payments whilst you are studying, you will enter repayment six months after you graduate, leave school, or drop below half-time enrolment.

FFELP Unsubsidized Stafford Loans are available to all eligible students, regardless of income. Unlike the subsidized Stafford Loan, you are responsible for paying the interest. Interest accrues from the time of the first disbursement; however, you have the option of deferring your interest and principal payments until you enter the repayment period (at which point this interest is ‘capitalized’). Alternatively, you can opt to make a minimum repayment of $50 per month or the unpaid balance including interest, whichever is less. This will save you a lot of $$$ in the long run.

Parent Loans for Undergraduate Students (PLUS) are federally guaranteed loans that allow parents to borrow funds to pay for the educational expenses of their dependent student. The program does require the borrower to pass a simple credit check though. Interest begins to accrue when funds are disbursed and repayment begins within 60 days after the loan has been fully disbursed.

PLUS Loans for Graduate Students are federally guaranteed loans that allow graduates to borrow funds to pay for educational expenses on their own signature. The program does require the borrower to pass a simple credit check.  Before applying for this loan the borrower must apply for and the school must determine their eligibility for the maximum annual Stafford loan amount.