Federal Direct Student Education Loans
Direct Loans are low-interest loans for qualified pupils to simply help protect the price of attendance. Qualified students borrow straight through the U.S. Department of Education as they are assigned to that loan servicer. Pupils must certanly be enrolled for at the very least 6 credits to qualify for Direct Scholar Loans.
Just how to use:
12 MONTHS IN CLASS (CREDITS)
ANNUAL OPTIMUM -Subsidized
ANNUAL OPTIMUM – Combined Subsidized & Unsubsidized
$3,500
$5,500
$4,500
$6,500
$5,500
$7,500
$5,500
$7,500
Independent Undergraduate Students & Dependent Undergraduate pupils whose moms and dads are rejected the Federal Parent PLUS Loan
YEAR IN CLASS (CREDITS)
ANNUAL OPTIMUM – Subsidized
ANNUAL OPTIMUM – Combined Subsidized & Unsubsidized
$3,500
$9,500
$4,500
$10,500
$5,500
$12,500
$5,500
$12,500
Graduate Students
ANNUAL MAXIMUM- Unsubsidized Direct Loan
(*For loan durations starting after July 1, 2012)
$20,500
Aggregate Federal Subs
AGGREGATE MAXIMUM- Subsidized
AGGREGATE MAXIMUM- Combined Subsidized & Unsubsidized
AGGREGATE MAXIMUM- Subsidized
AGGREGATE MAXIMUM- Combined Subsidized & Unsubsidized