Gonzaga Loan

The Gonzaga Loan is a low-interest loan available undergraduate students who demonstrate high financial need.

Gonzaga Loan Details

Lender: Gonzaga University
Awarded to: Undergraduates
Yearly eligibility for undergraduates (estimated): Up to $3000
Current interest rate: 3% fixed
Net fee per disbursement: 0%
Grace period: Begins 6 months after student graduates or drops below half-time status. Repayment term of up to 10 years.
Repayment: $50/month minimum; 10 year repayment period
The following should only be completed if you have received correspondence through ZagMail that it is required
Promissory Note Required
Entrance Counseling Required
Application Required
Truth In Lending disclosure Required
Private Loan Self-Certification form Required

Loan Deferment, Consolidation, and Cancellation:
The Gonzaga loan cannot be included in a Federal Loan Consolidation. Borrowers are eligible for the following deferment types if they qualify:

In school deferment (attending at least half time)
  • No interest accrues
Forbearance (up to 12 months at a time, 3 year maximum)
  • Interest accrues
  • Does not qualify for new grace period
Unemployment ( up to 6 months at a time, 3 year maximum)
  • No interest accrues
Economic Hardship (up to 6 months at a time, 3 year maximum)
  • No interest accrues
Special Billing (reduce monthly payments for up to one year at a time)
  • Total repayment cannot exceed 10 years.

Deferment forms are available on the ECSI website.

If you currently have a Gonzaga loan in repayment please visit www.borrower.ecsi.net.