Loan Details

Loan Details

Subsidized/Unsubsidized Direct Academic Loans

Federal Direct Loans are loans for undergraduate, graduate and degree that is professional.

There are 2 forms of Direct Loans: Subsidized and Unsubsidized. You really need to have economic have to get a Subsidized Direct Loan. Economic need just isn’t a requirement to get an Unsubsidized Direct Loan. The U.S. Department of Education will probably pay the attention that accrues on Subsidized Direct Loans during particular durations. The time limits regarding the Subsidized interest subsidy are present right right here.

Eligibility

    Needs to be undergraduate, graduate, or expert pupil enrolled at least half time as being a degree-seeking pupil. Note: Graduate and students that are professional not qualified to receive the Subs

    Federal Direct Loan Limits – Purdue University 2019-20

Year / Classification

Total Annual Level

Level Restriction

Optimum Subsidized Amount

Determine Annual

Unsubsidized Eligibility

Interest for

Loans Disbursed Between

7/1/19 – 6/30/20

Aggregate Limits Dependent Undergraduate Pupils Freshman $5,500 $3,500 = $5,500 – Awarded Sub Amount 4.529%

(a maximum of $23,000 could be subsidized)

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