The Gonzaga Loan is a low-interest loan available undergraduate students who demonstrate high financial need.
Gonzaga Loan Details |
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Lender: | Gonzaga University |
Awarded to: | Undergraduates |
Yearly eligibility for undergraduates (estimated): | Up to $5000 |
Current interest rate: | 3% fixed |
Net fee per disbursement: | 0% |
Grace period: | Begins 6 months after student graduates or drops below half-time status. Repayment term of up to 10 years. |
Repayment: | $25/month minimum; 10 year repayment period |
The following should only be completed if you have received correspondence through ZagMail that it is required | |
Promissory Note | Required |
Entrance Counseling | Required |
Application | Required |
Truth In Lending disclosure | Required |
Private Loan Self-Certification form | Required |
Loan Deferment, Consolidation, and Cancellation:
The Gonzaga loan cannot be included in a Federal Loan Consolidation. Borrowers are eligible for the following deferment types if they qualify:
In school deferment (attending at least half time) |
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Forbearance (up to 12 months at a time, 3 year maximum) |
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Unemployment ( up to 6 months at a time, 3 year maximum) |
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Economic Hardship (up to 6 months at a time, 3 year maximum) |
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Special Billing (reduce monthly payments for up to one year at a time) |
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If you currently have a Gonzaga loan in repayment please visit the webpage here.