into graduate studies. The limit is higher for independent students. Note that, in addition to an annual limit, there’s also an aggregate limit.Source: Federal Student Aid, an Office of the U.S. Department of Education:https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized...
Perkins student loans were federal student college loans for low-income students. Usually these loans were made to students who demonstrate financial need, and who are also awarded Pell Grants. However, it was possible to receive a Federal Perkins Loan without a Pell Grant....
However, dependent students with parents who are ineligible for a direct PLUS loan may be able to receive additional unsubsidized loan funds. Read: How to Pay for College Using These Overlooked Strategies. The current interest rate on direct subsidized loans is 5.5%, which is fixe...
Many federal loans and grants are available to college students to help pay for their education. This lesson will examine federal loans and grants...
Federal Loans Tough To Come By For Community College StudentsClaudio Sanchez
Since many high school seniors and college students lack credit, private student loans often require a co-signer, usually a parent or another adult who agrees to pay the loan balance if the student can’t. Federal student loans eliminate the risk of a co-signer having to cover loan payments...
Students and families planning to take out federal loans to pay for college this fall will see the highest interest rates in over a decade. The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday....
Stricter limits on how you can use the money than with private loans Direct PLUS Loans PLUS loansare designed for the parents of college students and are not based on financial need. They have several appealing features, including the possibility of borrowing the total cost of attendance (minus...
If you’re a student with federal student loans, you’ll be required to complete exit counseling before you graduate college. Continue reading to learn more.
Undergraduate Students$5,500-12,500/year (subject to other factors) Graduate or Professional StudentsUpto $20,500/year For undergraduate students,these loans are divided into subsidized and unsubsidized loans, which have different interest rates. ...