Sentences with phrase «direct unsubsidized»

Academic institutions and the federal government will use your FAFSA form to determine your eligibility for loans like the Direct Subsidized Loan, Direct Unsubsidized Loan, Direct PLUS Loan and the Federal Perkins Loan Program — all of which students tend to need in some form or another in order to fully finance their education.

Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans are types of Direct Loans.

If you don't meet any of the service requirements, your grant will be converted to a direct unsubsidized loan.

Graduate students, on the other hand, can borrow up to $ 8,000 each year in Perkins Loans depending on financial need and other financial aid that may be available, plus up to $ 20,500 each year in Direct Unsubsidized Loans.

The higher loan limits and lack of a financial need requirement may make it easier to qualify for a Direct Unsubsidized Loan; for undergraduate students, these loans have the same interest rate and disbursement fee as the subsidized version.

All students taking out Direct Subsidized Loans or Direct Unsubsidized Loans: If you have not previously received a subsidized or unsubsidized loan under the Direct Loan Program or a subsidized or unsubsidized Stafford Loan under the Federal Family Education Loan (FFEL) Program, you'll be required to complete entrance counseling.

Direct Unsubsidized Loans (including TEACH Grants that were converted to Direct Unsubsidized Loans)

Important to Know — If you don't meet these requirements, your TEACH Grants may be converted to Direct Unsubsidized Loans that you'll have to repay in full, with interest charged from the date of each TEACH Grant disbursement.

As explained in your Agreement to Serve, your TEACH Grants will be converted to Direct Unsubsidized Loans that you must repay in full, with interest charged from the date of disbursement, if one or more of the following occurs:

For example, on a $ 10,000 Direct Unsubsidized Loan with a 3.76 % interest rate, the amount of interest that accrues per day is $ 1.03:

Federal student loans include direct subsidized loans, direct unsubsidized loans, federal Perkins loans and direct PLUS loans (for graduate students and parents).

Direct unsubsidized loans are similar to their subsidized cousins, except that the government doesn't pay interest while you're in school; instead, the interest accumulates and is capitalized with the total loan amount.

There are two types of direct federal government loans: Direct Subsidized Loans and Direct Unsubsidized Loans.

Direct unsubsidized loans offer low, fixed interest rates too.

The Federal direct Unsubsidized Loan can be granted to undergraduate students, as well as graduate students.

For the NPRM, we used the average interest rate over the six years prior to the end of the applicable cohort period on Federal Direct Unsubsidized loans.

Changes: We have revised § 668.404 (b)(2) to provide that the Secretary will calculate the annual loan payment for a program using the average of the annual statutory interest rates on Federal Direct Unsubsidized Loans that apply to loans for undergraduate and graduate programs and that were in effect during a three - or six - year period prior to the end of the cohort period.

These commenters argued that applying the average interest rate on Federal Direct Unsubsidized Loans to an amount that includes private loans would likely understate the amount of debt that a student incurred.

Including: Direct Unsubsidized loans Direct PLUS loans (for graduate and professional students and parents)

Comments: Several commenters opposed the Department's proposal to apply an interest rate that is the average of the annual interest rate on Federal Direct Unsubsidized Loans over the six - year period prior to the end of the cohort period.

For these programs, the Secretary uses the Federal Direct Unsubsidized Loan interest rate applicable to undergraduate students;

For bachelor's, doctoral, and first professional degree programs, the average interest rate over the six years prior to the end of the applicable cohort period on Federal Direct Unsubsidized loans will be used.

For certificate, associate, and master's degree programs, the average interest rate over the three years prior to the end of the applicable cohort period on Federal Direct Unsubsidized loans will be used to calculate the D / E rates measure.

But if you have Direct unsubsidized loans or a PLUS loan, then you'll have to pay the interest that accrues during the deferment period.

Direct Unsubsidized loans also differ from subsidized loans in that you, the borrower, are responsible for paying the interest that accumulates during any period, including deferment, forbearance, and your grace period.

In calculating the average interest rate for a graduate program, we will use the statutory interest rate on Federal Direct Unsubsidized loans applicable to graduate programs.

Your student will still be eligible to apply for Direct unsubsidized and subsidized loans to pay for school.

Comments: Some commenters disagreed with the Department's proposal to apply the interest rate on Federal Direct Unsubsidized Loans, arguing that this approach would not account for whether students were undergraduate or graduate students, or for the percentage of students who received Subsidized Loans instead of Unsubsidized Loans.

(i) The amount of title IV loans that the student borrowed (total amount disbursed less any cancellations or adjustments) for enrollment in the GE program (Federal PLUS Loans made to parents of dependent students, Direct PLUS Loans made to parents of dependent students, and Direct Unsubsidized Loans that were converted from TEACH Grants are not included);

Discussion: We will use the interest rate on Federal Direct Unsubsidized Loans to calculate the annual debt payment for the D / E rates measure for several reasons.

For these programs, the Secretary uses the Federal Direct Unsubsidized Loan interest rate applicable to graduate students.

The estimated reductions in Pell Grant costs will be slightly offset by approximately $ 695 million in reduced net returns associated with lower Federal Direct Unsubsidized and PLUS loan volume.

In addition, you must have received a disbursement of a Direct Subsidized Loan, Direct Unsubsidized Loan, or Direct PLUS Loan for graduate or professional students on or after Oct. 1, 2011, or you must have received a Direct Consolidation Loan based on an application that was received on or after Oct. 1, 2011.

So my son's college asked my son to borrow some serious money, $ 5,500 in «Federal Direct Unsubsidized Stafford Loan» and $ 19,150 in «Federal Direct Parent Plus Loan», or $ 24,650 in total.

This generally only applies to borrowers of direct unsubsidized loans and graduate PLUS loans, as the Education Department pays the interest on subsidized student loans while the borrower is in school, grace period or deferment, and parent PLUS borrowers generally enter repayment once the loan is disbursed.

Interest rates can not exceed 8.25 % for undergraduate borrowers, 9.5 % for graduate borrowers with direct unsubsidized loans and 10.5 % for PLUS loan borrowers.

I thought I understood this, but on the studentaid.ed.gov in the glossary it says: «Direct Subsidized Loans and Direct Unsubsidized Loans are sometimes called «' Stafford Loans».»

Our loans are all direct unsubsidized federal loans which have interest rates from 6 - 7.5 %.

Am I eligible for a Direct Subsidized Loan or a Direct Unsubsidized Loan?

The interest rates for Direct Subsidized Loans and Direct Unsubsidized Loans are shown in the chart below.

This time limit does not apply to Direct Unsubsidized Loans or Direct PLUS Loans.

You are not required to show financial need to receive a Direct Unsubsidized Loan.

Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.

The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.

Yes, there is a loan fee on all Direct Subsidized Loans and Direct Unsubsidized Loans.

For these students, there is also a higher aggregate limit on Direct Unsubsidized Loans.

Direct Unsubsidized Loans are available to both undergraduates and graduate or professional degree students.

If you are a dependent student whose parents are ineligible for a Direct PLUS Loan, you may be able to receive additional Direct Unsubsidized Loan funds.

Direct Unsubsidized Loans for graduate or professional degrees charge a 6 percent interest rate, and Direct PLUS Loans for parents and graduate or professional students charge a 7 percent in interest.

While some applicants may use additional Direct Unsubsidized loans to cover their educational expenses after their applicant parents have been denied PLUS loans, others may be unable to make up the difference because of annual or lifetime aggregate limits on Stafford loans and the larger cost of their selected institution.