Educational Loans

July 2024 - July 2025

Loans	Who may receive this loan?	Current Interest Rate?	Does the government pay the interest?	Loan Fees?	When do I begin repayment?
Direct Subsidized Loans	Undergraduate students enrolled at least half-time and have financial need.	On or after 7/1/2024 & before 7/1/2025 - Undergraduates: 6.53%	Yes, but only while you are enrolled at least half-time and during the grace period	On or after 10/1/2020 and before 10/1/2025 the fee will be 1.057%.	6 months after you graduate or drop below half-time enrollment.
Direct Unsubsidized Loans	Undergraduate students and graduate students enrolled at least half-time.	On or after 7/1/2024 & before 7/1/2025 -- Undergraduates: 6.53% Graduates: 8.08%	No, you are responsible for all interest accrued from the time of the first disbursement.	On or after 10/1/2020 and before 10/1/2025 the fee will be 1.057%.	6 months after you graduate or drop below half-time enrollment.
Direct PLUS Loans	Graduate students and parents of dependent undergraduate students enrolled at least half-time.	On or after 7/1/2024 & before 7/1/2025 - Undergraduates: 9.08% Graduates: 9.08%	No, you are responsible for all interest accrued from the time of the first disbursement.	On or after 10/1/2020 and before 10/1/2025 the fee will be 4.228%.	Parent: Immediately after the loan is fully disbursed, unless otherwise requested Grad: 6 months after you graduate or drop below half-time enrollment
Private Loans	Varies by lender.	Varies by lender.	No, you are responsible for all interest accrued from the time of the first disbursement.	Contact the Financial Aid Office to determine your private student loan eligibility.	Varies by lender.