Federal Loans
Federal Stafford Loan
Freshman Year – $3,500 subsidized/$2,000 unsubsidized
Sophomore Year – $4,500 subsidized/$2,000 unsubsidized
Junior and Senior Year – $5,500 subsidized/$2,000 unsubsidized
Federal Direct Parent PLUS Loans
The Federal Direct Parent Plus loan is not need-based and is available to parents of dependent students. The interest rate is fixed at 5.3% for those loans disbursed on or after July 1, 2020 and before July 1, 2021. To complete a Master Promissory Note (MPN) and application, please visit the Federal Direct Parent Plus Loan Web site.
If you are borrowing a Federal Direct Loan at Olivet College for the first time, you must complete entrance counseling and a Master Promissory Note online. To complete these federal requirements, please visit the Federal Stafford Direct Lending Program.
Olivet College offers plans which provide families a way to pay additional balances in installments. You may register for a payment plan by emailing Shawn Hagadon or calling 269-749-7607.