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| Loan Type | Interest Rate | Grace Period | Terms | Deferment | Cancellation | Consolidation |
|---|---|---|---|---|---|---|
| Perkins Student Loan | 5% | 9 monthsa | See Deferment Options | See Cancellation Benefits | Yes | |
| Health Professions Student Loan | 5% | 12 months | See Deferment Options | See Cancellation Benefits | Yes | |
| Federal Nursing Loan | 5% | 9 months | See Deferment Options | See Cancellation Benefits | Yes | |
| Rice Journalism Loan | 1% | 6 months | 5 years | See Deferment Options | See Cancellation Benefits | No | Other Marquette University Loans | Varies | Varies | Varies | See Deferment Options | See Cancellation Benefits | No |
Notes:
a. Loans disbursed prior to 7/1/87 have a grace period of 6 months.
b. Minimum payment is $90.00 or $120.00 per quarter, or $30.00 or $40.00 per month, depending on disbursement date.
c. Minimum payment of $45.00 per quarter for loans disbursed before 11/4/98, $120.00 per
quarter for loans disbursed after 11/5/98, or $40.00 per month.
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