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Loan Types and Terms

Following are general terms for the various loans that we service.

DELC Loan (Dartmouth Educational Loan Corporation)

Terms

  • Variable interest rate (generally set every July 1st)
  • Interest accrues while in school here at Dartmouth and during a grace period
  • Interest is due while in a deferment

Repayment

  • Begins three (3) months after student leaves Dartmouth
  • Minimum monthly payment of $50.00
  • Ten (10) years to repay the loan (120 months)

DELC is a separate corporation operated by Dartmouth College for the purpose of granting education loans and scholarships. The corporation complies with all of the Colleges policies related to Business Ethics.

Federal Perkins Loan

Terms

  • 5% fixed interest rate
  • Interest will not accrue while in school, during a deferment, or a grace period

Repayment

  • Begins nine (9) months after student leaves Dartmouth
  • Receives a six (6) month post-grace period after a deferment
  • Minimum monthly payment of $40.00
  • Ten (10) years to repay the loan (120 months)
  • Has cancellation benefits — see your loan note

Institutional Loans

Terms

  • 5%, 6%, or 7% fixed interest rate (depends on the type of loan given)
  • Interest will not accrue while in school or during a grace period

Repayment

  • Begins nine (9) months after student leaves Dartmouth
  • Minimum monthly payment of $30.00
  • Ten (10) years to repay the loan (120 months)

TELCO Loan (Tuck Educational Loan Corporation)

Terms

  • Variable interest rate (generally set every July 1st)
  • Interest accrues while in school here at Dartmouth and during a grace period
  • Interest is due while in a deferment

Repayment

  • Begins three (3) months after student leaves Dartmouth
  • Minimum monthly payment of $20.00
  • Ten (10) years to repay the loan (120 months)

TELCO is a separate corporation operated by Dartmouth College for the purpose of granting education loans. The corporation complies with all of the Colleges policies related to Business Ethics.

Last Updated: 5/13/10