If this limit applies to you, you may not
receive Direct Subsidized Loans for more than 150 percent of the published length of your program.
Also, if
you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count toward your new maximum eligibility period.
If you are enrolled in a two - year associate degree program, the maximum period for which you can
receive Direct Subsidized Loans is three years (150 percent of 2 years = 3 years).
For example, if you are enrolled in a four - year bachelor's degree program, the maximum period for which you can
receive Direct Subsidized Loans is six years (150 percent of 4 years = 6 years).
Learn more about the maximum period of time you are eligible to
receive Direct Subsidized Loans.
Whether
you receive Direct Subsidized Loans or Direct Unsubsidized Loans, or both, it is important to understand the differences between the loans as well as the criteria of both.
You can
receive a Direct Subsidized Loan if you have financial need as determined by the results of your FAFSA.
I transferred into the shorter program and lost eligibility for Direct Subsidized Loans because I have
received Direct Subsidized Loans for a period that equals or exceeds my new, lower maximum eligibility period, which is based on the length of the new program?
Not exact matches
Students can not
receive Subsidized Direct Loans for more than 150 % of the length of their program.
Any new
Direct Subsidized Loans or
Direct Unsubsidized
Loans you
receive won't enter repayment until the end of the six - month grace period after you leave school.
You may
receive up to $ 17,500 in forgiveness on your unsubsidized and
direct subsidized loan upon qualifying.
If you are a student who has
received subsidized, unsubsidized, or PLUS
loans under the
Direct Loan Program or the Federal Family Education
Loan (FFEL) Program *, you must complete exit counseling.
A credit check is not required for you to
receive a
Direct Subsidized or
Direct Unsubsidized
Loan.
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.
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.
Students in need of funding can
receive a
direct subsidized student
loan by filling out the FAFSA each year.
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 c
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 c
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 counsel
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 counsel
Loan Program or a
subsidized or unsubsidized Stafford Loan under the Federal Family Education Loan (FFEL) Program, you'll be required to complete entrance c
subsidized or unsubsidized Stafford
Loan under the Federal Family Education Loan (FFEL) Program, you'll be required to complete entrance counsel
Loan under the Federal Family Education
Loan (FFEL) Program, you'll be required to complete entrance counsel
Loan (FFEL) Program, you'll be required to complete entrance counseling.