| Requires matriculation with enrollment levels at 6 credit hours of enrollment per semester | Federal Direct Subsidized Loan | Federal Direct Unsubsidized Loan |
|---|---|---|
| Need Based | Yes | No |
| Subsidized (Federal government pays interest while in school) | Yes | No |
| Interest Rate (23/24) | 5.50% | 5.50% |
| Origination Fee - Loans with First Disbursement Between 10/1/23 - 9/30/24 | 1.057% | 1.057% |
| Can pay interest while in school? | No | Yes |
| Standard Repayment Period | 10 years | 10 Years |
| Grace Period | 6 months | 6 months |
| Federal Direct Loan Annual Maximum | Freshman: $5,500 with no more than $3,500 from the subsidized program Sophomore: $6,500 with no more than $4,500 from the subsidized program Junior +: $7,500 with no more than $5,500 from the subsidized program Additional unsubsidized loans for Independent or dependent students whose parents are denied the PLUS loan: | |
