Sentences with phrase «direct loan disbursement»

* New borrowers are those who have taken out their first federal student loan on or before October 1, 2007, and who have received a Direct Loan disbursement on or after October 1, 2011.

b. Direct Loan Disbursement.

Any new borrower on or after October 1, 2007with eligible student loans who received a Direct loan disbursement on or after October 1, 2011 and who also demonstrates a partial financial hardship qualifies for PAYE.

Not exact matches

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:

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.

(To qualify for PAYE you must be a new borrower as of Oct. 1, 2007, and have received a disbursement of a Direct Loan on or after Oct. 1, 2011.

In addition to meeting the requirement described above, to qualify for the PAYE Plan you must also be a new borrower as of Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. 1, 2011.

In order to qualify for PAYE, you must have taken out a loan on or after October 1, 2007 and you must have received a disbursement of a Direct Loan on or after October 1, 2loan on or after October 1, 2007 and you must have received a disbursement of a Direct Loan on or after October 1, 2Loan on or after October 1, 2011.

If you do not complete your teaching service agreement, the amounts of the TEACH Grants you received will be converted to a Direct Unsubsidized Loan that you must repay with interest charges from the date of each TEACH Grant disbursement.

Thus the fixed rates on new loans for which the first disbursement occurs on or after July 1, 2006 are: 6.8 % Stafford, 7.9 % Federal Direct PLUS and 8.5 % FFEL PLUS.

Additionally, Direct Unsubsidized Loans carry a 1.066 % origination fee which is deducted from each loan disbursement.

The average interest rate on student loans (for Federal Direct Student Loans with a first disbursement date between July 1, 2016 and June 30, 2017) will vary based on the type of student loan that you are applyingloans (for Federal Direct Student Loans with a first disbursement date between July 1, 2016 and June 30, 2017) will vary based on the type of student loan that you are applyingLoans with a first disbursement date between July 1, 2016 and June 30, 2017) will vary based on the type of student loan that you are applying for.

Interest accrues on your principal balance (which includes the disbursement check amount plus any applicable loan fees) as soon as the loan is disbursed for Direct Unsubsidized, FFELP Unsubsidized, Direct and FFELP PLUS Loans, and Private Loans.

The Department of Education also grants interest rate discounts on Direct Loans up to 0.25 percent for auto - debited payments, and rebates up to 1.5 percent for on - time payments within the first 12 months of loan disbursement.

PAYE plans are only available to new borrowers after October 1, 2007, and must have received a disbursement of a Direct Loan on or after October 1, 2011.

For all Direct Subsidized and Unsubsidized Loans for which the disbursement date is on or after July 1, 2010, the origination fee dropped to 1 %.

Your eligibility depends on whether or not you have loans under the Federal Direct Loan Program, whether or not you are considered a «new borrower» (for the purposes of this program, a «new borrower» is defined as someone who both did not owe any money on any federal student loans as of October 1, 2007, and also received a disbursement of a Direct Loan on or after October 1, 2011), and being able to demonstrate partial financial hardship.

Direct PLUS loans (Grad PLUS and Parent PLUS) have higher interest rates and a higher disbursement fee than Direct Unsubsidized and Subsidized Lloans (Grad PLUS and Parent PLUS) have higher interest rates and a higher disbursement fee than Direct Unsubsidized and Subsidized LoansLoans.

Your Direct Consolidation Loan first payment will be due within 60 days of their disbursement paying off your current loans.

You must prove that you need assistance in repaying your student loans and have received disbursement of a Direct Loan after October 1, 2011.

In addition to meeting the requirement described above, to qualify for the PAYE Plan you must also be a new borrower as of Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. 1, 2011.

Federal direct student loans impose an origination fee of 1.072 % of the loan amount for loans that have a first disbursement made between December 1, 2013 and October 1, 2014; the origination fee for PLUS loans made between the same period is 4.288 %.

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.

(To qualify for PAYE you must be a new borrower as of Oct. 1, 2007, and have received a disbursement of a Direct Loan on or after Oct. 1, 2011.

Normally, repayment of a Direct Consolidation Loan commences within 60 days of disbursement.

The entire Direct Consolidation Loan may be eligible or a portion, based on disbursement dates.

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:

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.

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 versloan 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 versLoan; for undergraduate students, these loans have the same interest rate and disbursement fee as the subsidized version.

Direct PLUS Loans, including parent PLUS loans, also have the highest interest rate and disbursement fee of the federal student lLoans, including parent PLUS loans, also have the highest interest rate and disbursement fee of the federal student lloans, also have the highest interest rate and disbursement fee of the federal student loansloans.

The Department of Education also grants interest rate discounts on Direct Loans up to 0.25 percent for auto - debited payments, and rebates up to 1.5 percent for on - time payments within the first 12 months of loan disbursement.