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Student loans in the U.S. Regulatory framework National Defense Education Act Higher Education Act of 1965 HEROES Act U.S. Dept. of Education · FAFSA Cost of attendance · Expected Family Contribution: Distribution channels Federal Direct Student Loan Program Federal Family Education Loan Program: Loan products Perkins · Stafford PLUS ...
Federal student loan interest rates are fixed for the life of the loan; however, the rates for new loans will change annually, based on the current market. The interest rates for the 2013–2014 academic year are as follows: 3.86% for undergraduate Stafford Loans (both subsidized and unsubsidized) 5.41% for graduate Stafford Loans [6]
Because these loans are not need-based, the U.S. government does not pay the interest for the student while enrolled in school; they are often referred to as unsubsidized loans. The Unsubsidized Stafford Loan and Grad PLUS loans are non-need-based loans available for both undergraduate and graduate students who do not qualify for need-based ...
Older student loan names include Perkins, FFEL, and Stafford. Your credit report says so When you check your credit report, it’ll list who the lender of your student loans is.
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.
Continue reading ->The post A Guide to Subsidized and Unsubsidized Loans appeared first on SmartAsset Blog. As you explore funding options for higher education, you’ll come across many different ...
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