Planning

Financing Options Available at Earlham

The chart below provides information about the loans and payment plans currently available at Earlham. If you have questions about the programs described in the chart, please feel free to contact the Financial Aid Office.

Payment plan name Type Interest Rate* Origination
or
Application Fee		 Payment begins How to Apply How to Get More Information
Full Payment - - - July 31st for Fall semester, mid-December for Spring semester - Contact Student Accounts
at Earlham
765/
983-1333
EC Deferred
Payment Plan**

Payment
Plan		 12% APR or 1% of balance due on last day of each month None July 31st for Fall semester, mid-December for Spring semester Select the Deferred Payment Option on your Earlham semester bill Contact Student Accounts at Earlham
765/
983-1333
Earlham
Direct Pay
 Automatic
payments
deducted
from your
checking
account		 N/A $40
non-
refundable
enrollment fee		 July — April, ten equal payments; or July — Nov., five equal payments Complete application available from Earlham Student Accounts Contact Student Accounts at Earlham
765/
983-1333
Federal Direct PLUS Loan
(parents)
Loan from U.S. Dept of Education 		Fixed at 7.9% 4% minus 1.5% up-front interest rebate of loan principal Contact the Federal Direct Loan Servicer Parent completes Earlham PLUS Loan Request Form, returns it to Financial Aid at
Earlham. 		Contact the Financial Aid Office at Earlham
765/
983-1217
Federal Perkins
Loan
(for students)
 Federal Loan Fixed at 5% None 9 months after student graduates, withdraws or drops to less than half-time Must be included in aid package; complete loan online when instructions are e-mailed Contact the Accounting Office at 765/
983-1271
Federal Direct
(Subsidized) Stafford Loan
(for students)
Loan from U.S. Dept of Education Fixed at 6.0% (for loans after July 1, 2008) 2.0%
minus 1.5% up-front interest rebate of loan principal		 6 months after student graduates, withdraws or drops to less than half-time Must be included in aid package; complete application and note when instructions are mailed to you Contact the Financial Aid Office at Earlham
765/
983-1217
Federal Direct
Unsubsidized Stafford Loan
(for students) 		Loan from U.S. Dept of Education Fixed at 6.8% 2.0%
minus 1.5% up-front interest rebate of loan principal		 Same as Subsidized above; interest accrues while student is in school If not included in award, write to the Financial Aid Office to specify interest Contact the Financial Aid Office at Earlham
765/
983-1217
Private Loans
(students)
 Loan for students Varies Varies Varies   Contact the Financial Aid Office at Earlham
765/
983-1217

*The interest rates and/or repayment options for loans are only accurate as of the day of printing. Contact the lender(s) for the most up to date information.

**Requires one-half of the amount owed for Fall Semester due July 31, with remaining balance in three equal installments due August, September, and October. For Spring Semester, one-half of the amount owed due mid-December, with the remaining balance in three equal installments due January, February, and March