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Federal student loan interest rates are fixed for the life of the loan; however, the rates for new loans will change annually, based on the current market. The interest rates for the 2013–2014 academic year are as follows: 3.86% for undergraduate Stafford Loans (both subsidized and unsubsidized) 5.41% for graduate Stafford Loans. See also
Graduate students have higher limits: $8,500 for subsidized Stafford and $12,500 (varying by course of study) for unsubsidized Stafford. For graduate students, the Perkins limit is $6,000 per year. Stafford loan aggregate limits. Stafford borrowers cannot exceed aggregate limits for subsidized and unsubsidized loans.
The Unsubsidized Stafford Loan and Grad PLUS loan are non-need based loans available for both undergraduate and graduate students who do not qualify for need-based financial aid. [16] Even though these loans are not subsidized, interest rates are set by Congress, the programs are closely supervised, and they provide many protections that ...
Direct Subsidized Loan. $3,500 to $5,500 per year, depending on year in school. Undergraduate students with financial need. Direct Unsubsidized Loan. $5,500 to $20,500 per year, depending on year ...
College can be expensive — but the good news is that there are several funding sources that can help you cover your education costs, including both federal and private student loans. There are a ...
When you take out federal student loans to pay for school, you may be considering subsidized versus unsubsidized loans. Skip to main content. Sign in. Mail. 24/7 Help ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]
For most Stafford loans made before July 1, 2006: Variable rate applies (changing annually with an 8.25% cap). Stafford loans made beginning July 1, 2006: 6.8%. New subsidized Stafford loans to undergraduates beginning July 1, 2008 (per recent budget reconciliation law): 6.0% for a loan first disbursed between July 1, 2008, and June 30, 2009
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