For many students, part of the financial assistance package includes a loan. The good news is that the education loans provided through our financial aid program offer low interest rates and repayment terms designed with students in mind. In fact, in most cases, you won’t have to start repaying your loan until six to nine months after you graduate. The cohort default rate on student loans is zero percent at HMC—which is compelling testimony to the affordability of loans for attending HMC.                    

What’s more, there are loans for students and loans for parents that you and your family can take advantage of even if you don’t qualify for need-based aid.  Before taking out a loan, either from the federal government or from some other source, make sure you understand our Code of Conduct for Education Loans and all the issues surrounding loan repayment. 
Note: You can check out student loan information published by the Department of Education. There are also private education loans available for students who are not eligible for federal education loans. Check with your local banks or credit unions. For your convenience, here is a list of private education loans that Harvey Mudd students have taken out in the past four years and sample private loan disclosures (application, approval, and final).

Last Updated: November 2011