Undergraduate Student Loans

Many of our students and families find loans to be an important tool to help finance their education at Lewis & Clark. We recommend that students budget carefully and borrow conservatively.

Secure Your Loan Funding

Federal Direct Loans

Subsidized

  • 6.53% fixed interest rate for loans disbursed between July 1, 2024, and June 30, 2025.
  • Subsidized (no interest) while the student is enrolled at least half-time and during the grace period.
  • Need-based; check your financial aid offer to see if you’re eligible.
  • Learn more about Federal Direct Loans.

Unsubsidized

  • The fixed interest rate for loans disbursed between July 1, 2024, and June 30, 2025:
    • For undergraduate students: 6.53%.
    • For graduate and law students: 8.08%.
  • Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
  • Not need-based; check your award notification for the amount.

Federal Direct PLUS Loans for Parents of Undergraduate Students

  • 9.08% fixed interest rate for loans disbursed between July 1, 2024, and June 30, 2025.
  • Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
  • Not need-based; may borrow up to the cost of attendance minus all other financial aid.

Learn more about the Federal Direct PLUS Loan for Parents.


Private Loans

  • Interest rate: variable, depends on borrower’s credit.
  • Unsubsidized: interest starts accruing right away.
  • Not need-based; may borrow up to Cost of Attendance minus all other financial aid.
  • Learn more about Private Loans.

Loan Repayment

  • Exit counseling and packets
  • What if you can’t pay your student loan bills?
  • Strategic repayment
  • Consolidation
  • Loan forgiveness programs
  • Learn more about Repayment Options.