OFFICE OF STUDENT FINANCIAL AID

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1700 University Blvd., Lister Hill Library, Room G20

(205) 934-8223

Monday-Thursday 8:00am - 5:00pm

Friday 9:00am - 5:00pm

  • Loans are available for undergraduate and graduate students.
  • Maximum amount: $3,150/year
  • Interest rate: 5 percent
  • Repayment period: up to 10 years
  • Repayment and interest charges can be deferred until nine months after graduation or when your enrollment status drops below half-time (again, this means less than 6 credit hours per semester for undergraduates, less than 5 credit hours per semester for graduate students).
  • Priority is given to students showing exceptional financial need.
  • Apply by completing the FAFSA.

Typical Estimated Payments

Loan amount $3,000 $5,000 $10,000
Years in repayment 7.6 10 10
Monthly payment $40 $53 $106
Total interest charges $604 $1,364 $2,727
Total amount paid $3,604 $6,364 $12,727
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