Middlebury Institute of International Studies at Monterey. Formerly the Monterey Institute of International Studies.

Loans

US and international students at the Institute

U.S. federal and private education loans often help our students pay for tuition and living expenses. To apply, submit your Middlebury Institute financial aid application.

Eligibility for Education Loans

U.S. students are eligible for both U.S. federal and private education loans.

International students are eligible for U.S. private loans, with a U.S. co-signer, or may be able to receive education loans from your own government. 

Types of Education Loans

  • Stafford Loans: U.S. federal loans offered at a low interest rate with a six month grace period before repayment
  • Graduate Plus Loans: U.S. federal loans for graduate school, based on your credit history
  • Perkins Loans: Need-based U.S. federal loans
  • Private Loans: Education loans through a private lender, based on your credit history
  • Computer Purchase Program: One-time loan to purchase a laptop for up to $2,000

We encourage you to borrow only the amount necessary to cover educational expenses, since your loans must be paid back with interest. You may not borrow more than the current cost of attendance.

U.S. Federal Loans

Stafford Loans

  • Unsubsidized loans for graduate students
  • Subsidized or unsubsidized loans undergraduate students
  • Interest Rate: 6.21% (Fixed) for loans with a first disbursement on or after July 1, 2014
  • Grace Period: 6 months
  • 1.073% origination fee
  • Maximum Award: $20,500 per year for unsubsidized loans

Learn more about Stafford Loans »

Graduate PLUS Loans

  • U.S. loans based on your credit history for graduate students
  • Interest Rate: 7.21% (Fixed) for loans with a first disbursement on or after July 1, 2014
  • Grace Period: None (You may request a six month deferral from the lender.)
  • 4.292% origination fee
  • Maximum Award: No limit

Learn more about Graduate PLUS Loans »

Perkins Loans

  • U.S. subsidized loans based on financial need
  • Interest Rate: 5.00% (Fixed)
  • Grace Period: 9 months
  • Maximum Award: ??
  • Administered by the Middlebury Institute

Private Loans

U.S. and international students are eligible for private education loans. In most cases, international students will need a U.S. co-signer. If you're attending our language or non-degree programs, you may also apply for private loans.

  • U.S. private loans based on your credit history
  • Interest Rate: Fixed or variable, which may increase or decrease over time depending on market conditions
  • Grace Period: Varies by lender
  • Maximum Award: No limit
  • U.S. students should consider all federal, state, and institutional sources of aid before applying.
  • International students should consider all governmental and institutional sources of aid before applying.

Learn more about Private Loans »

Computer Purchase Program

You may request a one-time loan increase for up to $2,000 through our Computer Purchase Program to buy a laptop. To apply:

  • Please submit the receipt after you purchase the laptop.
  • If you need the funds in advance, contact the Financial Aid Office to request a Laptop Purchase Form.
  • In certain cases, we may increase your financial aid in the form of Graduate PLUS or Private Loans.