EDUCATIONAL FUNDING & SCHOLARSHIPS

EDUCATIONAL FUNDING & SCHOLARSHIPS

KINDS OF help

Federal Direct Subsidized/Unsubsidized Stafford Loans

  • Subsidized Stafford Loans are need-based and don’t accrue interest through the student’s amount of time in college. Just offered to undergraduates.
  • Unsubsidized Stafford Loans are non-need-based and do accrue interest throughout the student’s amount of time in school. Offered to undergraduates and students that are graduate/professional.

Federal Perkins and Nursing Loans

• For pupils demonstrating significant monetary need. These usually do not accrue interest throughout the student’s amount of time in school.

Federal Direct PLUS Loans

• accessible to moms and dads of dependent undergraduates, and/or students that are graduate. These do accrue interest throughout the student’s amount of time in college.

Federal student education loans can be found to students who will be:

  • Us residents or residents that are permanent.
  • Matriculated.
  • Enrolled at half time that is least (6 credit hours per term) in a degree-seeking system.

To be able to get federal loans for a program or courses, this course(s) must:

  • Participate a degree-seeking program that is matriculated.
  • Not be audited courses.

Interest levels for Federal Loans

Loan Type Borrower Type Fixed Rate Of Interest
Federal Direct Stafford Loan Undergraduate Students 4.53%
Federal Direct Stafford Loan Graduate/Professional Students 7.08%
Federal Perkins/Nursing Loan Undergraduate Students 5.00%
Federal Direct PLUS Loan moms and dads of Dependent Undergraduates and