For undergraduates: The interest rate for loans first disbursed between July 1, 2024,
and June 30, 2025, is 6.53%.
For graduates: The interest rate for loans first disbursed between July 1, 2024, and
June 30, 2025, is 8.08%.
For PLUS: The interest rate for loans first disbursed between July 1, 2024, and June
30, 2025, is 9.08%.
Loan fees are deducted proportionately from each loan disbursement, so the amount
you receive is less than the amount you accept. The fee amount for Federal Direct
unsubsidized Loans first disbursed between on or after October 20, 2020, and before
October 1, 2025, is 1.057%.
For additional information regarding loan fees and interest rates, please go to studentaid.gov.
Repayment of Federal Direct Unsubsidized Loans:
This is a loan that must be repaid, including any interest accrued.
Interest begins to accrue after the first disbursement of the loan
Repayment begins 6 months after you drop below half-time enrollment
The Department of Education is the lender, but payment will be made to a servicer
appointed by the Department.
Loan history and servicer contact information is found by logging into studentaid.gov.
Information on repayment plans, consolidation, deferment, and loan simulation, etc.
is found at studentaid.gov.
Maximum Loan Limits:
Annual Limit: Maximum loan limits apply on an annual basis. For more information
about annual borrowing limits, see studentaid.gov.
Aggregate Limits: Maximum loan limits apply to the total amount you can borrow over
the course of your education. For more information about aggregate borrowing limits,
see studentaid.gov
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