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Direct Unsubsidized: Unlike Subsidized loans, these federal loans do not require students to demonstrate financial need and they are responsible for paying interest on the loan during all periods. If the student chooses not to pay the interest while in school, the interest will accumulate and be added to the principal.
In most cases, only Direct loans qualify for the SAVE plan. These include Direct unsubsidized, Direct subsidized, and Direct PLUS loans.
There are two primary sources of student loans: federal and private. Federal loans, such as direct subsidized and unsubsidized loans, are provided by the U.S. Department of Education. These loans ...
Direct Unsubsidized Loan. $5,500 to $20,500 per year, depending on year in school and dependency status. Undergraduate and graduate students. Direct PLUS Loan.
These loans are unsubsidized; Congress has determined that subsidized loans (no interest while enrolled) are only available to undergraduates. Graduate and professional students enrolled in certain health profession programs may receive additional Direct Unsubsidized Loan amounts each academic year.
Direct Subsidized Loans have fixed interest rates for the life-time of the loan. The interest rates for new loans are set yearly by the U.S. Congress. Federal Direct Unsubsidized Loan - Part of the Federal Direct Student Loan Program, Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive ...
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