Not exact matches
Undergraduates have three options for borrowing:
Direct Subsidized and Unsubsidized
Loans, Parent PLUS Loans, and private l
Loans, Parent PLUS
Loans, and private l
Loans, and private
loansloans.
As we detailed in Part 2,
direct unsubsidized
loans to
undergraduates carry the same low rate as
subsidized loans, but interest starts piling up as soon as you take the
loan out — while you're still in school, in other words.
Subsidized Direct Loans:
Subsidized Direct Loans are available to
undergraduate students that demonstrate financial needs.
Specifically, only
undergraduates with demonstrated financial needs can apply for
Subsidized Direct Loans.
If you're an
undergraduate student, you'll want to explore
Direct Subsidized and Unsubsidized
Loans first.
The FDSLP includes the Federal
Direct Stafford
Loan (
Subsidized and Unsubsidized) and the Federal
Direct Parent
Loan for
Undergraduate Students (PLUS).
If you are an
undergraduate, your best option between these two
loans is the
Direct Subsidized Loan.
Independent
undergraduates may borrow up to $ 57,500 in
Direct Loans (again, with a limit of $ 23,000 on subsidized lo
Loans (again, with a limit of $ 23,000 on
subsidized loansloans).
Direct loans are available to
undergraduate students who demonstrate financial need, and can be either
subsidized or unsubsidized (more on this below).
Independent graduate students can hold up to $ 138,500 in
Direct Loans (including undergraduate loans), with a limit of $ 65,500 for subsidized l
Loans (including
undergraduate loans), with a limit of $ 65,500 for subsidized l
loans), with a limit of $ 65,500 for
subsidized loansloans.
Direct Subsidized Loans are distributed to
undergraduate students who display financial need.
Interest rates on student
loans differ by the type of
loan:
Direct subsidized and unsubsidized
loans for
undergraduates have 3.86 % interest rates through June; the
Direct unsubsidized
loan rate for graduate - or professional - degree students are 5.41 %; and
Direct PLUS
loans for parents and graduate / professional students have a 6.41 % rate.
As we detailed in Part 2,
direct unsubsidized
loans to
undergraduates carry the same low rate as
subsidized loans, but interest starts piling up as soon as you take the
loan out — while you're still in school, in other words.
Direct Unsubsidized and
Direct Subsidized Loans (also known as Stafford loans) are the most common types of federal loans made to undergraduate and graduate stud
Loans (also known as Stafford
loans) are the most common types of federal loans made to undergraduate and graduate stud
loans) are the most common types of federal
loans made to undergraduate and graduate stud
loans made to
undergraduate and graduate students.
Direct Subsidized and Unsubsidized
Loans for
undergraduates saw a jump in interest rates from 3.76 percent to 4.45 percent.
Direct Subsidized Loans are for
undergraduate students who demonstrate financial need.
I was no longer eligible for
Direct Subsidized Loans, did not graduate from my prior program, and am enrolled in an
undergraduate program that is longer than my prior program?
I am no longer eligible for
Direct Subsidized Loans, did not graduate from my prior program, and am enrolled in an
undergraduate program that is the same length or shorter than my prior program?
Unless you have a
direct subsidized undergraduate loan, you will be responsible for paying the interest your
loan accrues while you are enrolled in school at least half - time, in your grace period (the time between leaving school and entering repayment) or in deferment.
Direct Subsidized loans are made available to students who are attending a qualified
undergraduate program who have a clear financial need for financing.
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.
A federal
direct subsidized loan is offered by the federal government to only
undergraduates in pursuit of higher education.
Direct subsidized loans, also known as
subsidized Stafford
loans, are for
undergraduate students with a demonstrated financial need.
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 vers
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 vers
Loan; for
undergraduate students, these
loans have the same interest rate and disbursement fee as the
subsidized version.
Direct Subsidized Loans are only available to
undergraduate students, and only if their school determines they have a financial need based on the school's cost of attendance and their expected family contribution.
Undergraduate and graduate students who can demonstrate financial need can qualify for
direct subsidized student
loans.