Yale Student Loan

A student loan for those with financial need who do not qualify for U.S. federal or Canadian student loans. View the Truth in Lending disclosure for Yale Student Loans.

Eligibility: 

Available to international students and students not otherwise eligible for Federal Direct Subsidized loans or Unsubsidized loans, Perkins loans, or Canada Student Loans

Interest rate: 

7.5%

Loan fees: 

None

Loan limits: 

$2,100 or the amount of the student share less outside scholarships, whichever is lower.   

Interest accrual: 

Students are responsible for interest payments on the loan while in school. A student may pay the interest monthly while still in school or may capitalize the interest by allowing it to accrue and adding it to the principal when the loan goes into repayment.

Repayment: 

Six month grace period; maximum 10 years
The standard repayment term is 120 months with a minimum monthly payment of $50.

Application procedure: