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    • $6,368 Per Year

      • The Average Loan Amount for All Undergrads at College of the Holy Cross is $6,368 Per Year. 55.0% of all undergraduate students (including freshmen) at College of the Holy Cross utilize federal student loans to help pay for their college education, averaging $6,368 per year. This amount is 22.2% higher than the $5,213 amount borrowed by freshmen.
      www.collegefactual.com/colleges/college-of-the-holy-cross/paying-for-college/student-loan-debt/
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  2. Amount you can borrow: Holy Cross students are awarded up to $6,800 over four years. Interest rate: 6% Repayment terms: Repayment begins when your three-month grace period — discussed on your Holy Cross Loan Master Promissory Note — ends. You have up to 10 years to repay the loan in full.

  3. The Average Loan Amount for All Undergrads at College of the Holy Cross is $6,368 Per Year. 55.0% of all undergraduate students (including freshmen) at College of the Holy Cross utilize federal student loans to help pay for their college education, averaging $6,368 per year.

    • Required Application Materials
    • Grants
    • Loans
    • Additional Information

    First-Year Students

    To be considered for need-based financial assistance at Holy Cross, a student must file both a Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service (CSS) Profile. The FAFSA must be filed online at https://studentaid.gov. The CSS Profile must be completed online at http://cssprofile.org. For priority consideration for Holy Cross assistance, these documents must be submitted to the processing agencies by Nov. 15 for Early Decision I applicants and Jan. 15 for bot...

    Returning Students and Renewal Aid

    Holy Cross students must submit new application materials for each year that they wish to be considered for need-based, College-administered assistance and federal aid. A renewal information postcard will be emailed to all students and parents, as well as mailed to students’ home addresses, each fall. Required application materials include the FAFSA and CSS Profile (necessary if the student wishes to be considered for Holy Cross grant assistance), as well as signed copies of parent and studen...

    Scholarships and Grants

    For the Class of 2027, nearly 600 first-year students were awarded Holy Cross Grants in amounts ranging from $1,000 up to the cost of attendance of $80,500, depending on financial need. There are also a limited number of Holy Cross merit-based scholarships available to students; however, eligibility for these awards is determined by the Admission Committee based on superior achievement in secondary school. Each student applicant is considered for all grants and scholarships for which he or sh...

    Pell Grants

    The Federal Pell Grant Program provides grants directly from the Federal Government in amounts ranging from $767 to $7,395 for the 2023-2024 academic year. Students may or may not be eligible for this program, depending upon eligibility criteria as well as family financial circumstances. This is the largest federal student assistance program, and all financial aid applicants are required to process a federal Pell Grant application (FAFSA) as a requirement of applying for other assistance at H...

    Federal Supplemental Educational Opportunity Grant

    This is a limited federal grant program for students of exceptional financial need who without the grant would be unable to continue their education. Students who are eligible for Pell Grants will receive priority consideration for this program. The Financial Aid Director is responsible for selecting eligible students in this program as well as determining the amount of the SEOG award.

    The Federal Direct Student Loan

    The Federal Direct Loan is a low-interest, long-term educational loan available to students. Loan capital is supplied directly by the federal government. The federal government also serves as the guarantor. There are two different forms of this loan: the Federal Direct Subsidized Loan and the Federal Direct Unsubsidized Loan. Borrowers of the Federal Direct Subsidized Loan do not have to pay the interest that accrues on this loan while they are in school; instead, the federal government forgi...

    College of the Holy Cross Loan

    The College of the Holy Cross Loan is an institutional loan program offering a fixed interest rate to students who demonstrate financial need. The loan is awarded by the Office of Financial Aid based on demonstrated financial need, and the program is administered by the College with a limited amount of funds available each year. Student borrowers must complete a College of the Holy Cross Loan Master Promissory Note to borrow funds through this program. Currently loans originated during the 20...

    Financing Options

    Upon determining the total cost of your child's Holy Cross education, you should consider that any significant expense is best funded with a combination of income from the past, present, and future. Income from the past that has been earmarked for education should be the first source you draw upon for payment of the bill. Other savings and investments should also be considered, although not entirely exhausted. Present income should be the next source from which you draw upon. If you cannot pa...

    Answers to questions not found here or to other specific inquiries regarding the financial aid program will be provided by the Financial Aid staff. Please address correspondence to: Office of Financial Aid College of the Holy Cross 1 College Street Worcester, MA 01610-2395 Phone (508) 793-2265 Fax (508) 793-2527 Email: financialaid@holycross.edu

  4. So how many students actually end up taking out loans at College of the Holy Cross? 57% Have ANY Loans. This is 9% lower than the average for Private not-for-profit schools, which is 66%. It’s a good sign that lower numbers of students take out loans at College of the Holy Cross.

  5. Students may be awarded a Holy Cross Loan in an amount not to exceed $6,800.00 over four years - the distribution to be determined by the Office of Financial Aid. The Loan carries a 6% fixed interest rate. Repayment begins three months after separation from the College.

  6. Sep 30, 2017 · The income-driven repayment plans, which are not available under the Perkins Loan Program, may make your student loan debt more manageable by possible reducing your monthly payment amount. However, by extending the repayment period, you will likely be paying more interest over time.

  7. College Loans at College of the Holy Cross. A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from College of the Holy Cross you may end up taking on.

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