With the administration's latest move, students may no longer be able to
receive subsidized student loans, such as the Federal Perkins loans.
Applicants can
receive a subsidized student loan by filling out the FAFSA, but preference is given to applicants who meet a certain financial need threshold.
Not exact matches
To be sure, some of these
students received subsidized loans that they may have needed to fully repay, or grants and scholarships that only partially covered tuition.
Students enrolled at non-participating institutions, or those enrolled in participating institutions who are above the income threshold for gratuidad, can still apply for government scholarships and
receive a government - backed
subsidized loan.
The incremental change in
student aid for low - income
students who
received scholarships and heavily
subsidized loans prior to gratuidad is arguably small, and upper - income
students still must pay tuition.
The amount of
subsidized loan a
student may
receive is determined by the school he is attending, and on the
student's other financial aids, expected family contribution, and cost of attendance.
Only
students whose FAFSA shows financial need can
receive subsidized loans, which don't charge interest while still in school.
Students can not
receive Subsidized Direct
Loans for more than 150 % of the length of their program.
For
loans made for periods of enrollment beginning on or after July 1, 2012, graduate and professional
students will no longer be eligible to
receive subsidized loans.
* As of July 1, 2012, graduate or professional
students are no longer eligible to
receive subsidized loans.
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.
While the interest rate increase may only affect people
receiving federally -
subsidized student loans, the exception of
student loans from discharge in bankruptcy affects all
student loan debtors.
Subsidized Stafford loans enable need - based college students to receive subsidized interest rate payments, which means the loan does not increase in value while the student is
Subsidized Stafford
loans enable need - based college
students to
receive subsidized interest rate payments, which means the loan does not increase in value while the student is
subsidized interest rate payments, which means the
loan does not increase in value while the
student is in school.
For
loans made for periods of enrollment beginning on or after July 1, 2012, graduate and professional
students are no longer be eligible to
receive subsidized loans.
Under current law, only
students with an expected family contribution (EFC)-- the amount that the federal government expects a family to pay toward the
student's postsecondary education expenses — of less than about $ 5,200 are eligible for a Pell grant, whereas recipients of
subsidized loans may have a larger EFC, as long as it is less than their estimated tuition, room, board, and other costs of attendance not covered by other aid
received.
Some of the benefits
student loan borrowers in an income - driven repayment plan
receive (lower payments and potential forgiveness) are essentially
subsidized by taxpayers.
Students may be eligible to
receive subsidized and unsubsidized
loans based on their financial need.
is the cumulative principal borrowed through any
loan programs for the last graduating undergraduate class (all
students who started at the institution as first - time
students and
received a bachelor's degree)-- Federal Perkins, Federal Stafford
Subsidized and Unsubsidized, institutional, state, private
loans that the institution is aware of, etc..
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 calculate the amounts of
student aid that could transfer with
students each year, we multiply the estimated number of
students receiving title IV, HEA program funds transferring from ineligible, failing, or zone programs each year by the average Pell Grant, Stafford
subsidized loan, unsubsidized
loan, PLUS
loan, and GRAD PLUS
loan per
student as reported in NPSAS: 2012.
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.
Specifically, Federal law sets lifetime limits on the amount of grant and
subsidized loan assistance
students may
receive: Federal Pell Grants may be
received only for the equivalent of 12 semesters of full - time attendance, and Federal
subsidized loans may be
received for no longer than 150 percent of the published program length.
The amount you can borrow is based on which year of study you are in, whether you are a dependent or independent
student, and if you are
receiving subsidized loans, unsubsidized
loans or both.
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.