Federal Direct Loans

Federal Direct Subsidized Loans

The Federal Direct Subsidized Loan is a need-based loan awarded on information given on the FAFSA. The federal government pays the interest during certain times (for example, while the student is enrolled in school).

Effective July 1, 2013, any first-time borrower will only be able to obtain Federal Direct Subsidized loans for a maximum of 150% of the published program length in which they are enrolled. For more information, view the Information Sheet from the Department of Education.

Subsidized Loan Details
Current interest rate: 4.66% fixed (for Loans disbursed after July 1, 2014)
Net fee per disbursement: 1.072 - 1.073%
Grace period: 6 months
Master Promissory Note Required
Loan Entrance Counseling Required

Federal Direct Unsubsidized Loan

The Federal Direct Unsubsidized Loan is not contingent upon financial need; thus, the borrower is responsible for interest that accrues on the loan while in school.

Unsubsidized Loan Details
Current interest rate:
(Effective July 1, 2014)
4.66% fixed (undergraduate)
6.21% fixed (graduate)
Net fee per disbursement: 1.072 - 1.073%
Grace period: 6 months
Master Promissory Note Required
Loan Entrance Counseling Required


Federal Direct Loan Limits

Direct loan limits

Repayment Plans
by FederalStudentAid.
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