No interest is charged while you are enrolled in college. Perkins Loans may also be included in your financial aid package. They are arranged through Hollins rather than through banks and currently carry an interest rate of 5 percent. Federal Direct Unsubsidied Stafford Loans. Students may obtain these loans regardless of need but must pay all interest charges.
Applications are available on campus.
Parents may pay fees for tuition, room, and board in 10 montly installments, interest free. Guraranteed Tuition Plan. Parents may lock in the current tuition rate for the full four years if they pay for four years' tuition at the beginning of your first year. Your parents can finance this plan at fixed rates through Hollins Parent Loans. With secured loans, interest may be tax deductible.