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NEW! Federal Direct Subsidized Loans disbursed on or after July 1, 2012 ...

  • Wednesday, March 7th, 2012

NEW!  Federal Direct Subsidized Loans disbursed on or after July 1, 2012 are no longer eligibile to receive the interest subsidy during grace period.

Note:  Effective for loans made on or after July 1, 2012 and before July 1, 2014, the interest subsidy during the six month grace period has been eliminated.  The repayment period still begins 6 months after the student is no longer enrolled at least half-time, however, the interest that accrues will be payable by the student rather than the federal government.

Interest Rate:  6.8%

 

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