Federal Direct Subsidized Loans

Sponsor U.S. Department of Education, 1-800-557-7394.
Amount Up to $3,500 Freshman, $4,500 Sophomore, $5,500 Junior and Senior.  (NOTE: Effective July 1, 2012 the Subsidized Loan is no longer available to graduate students.)
Interest 2.75%. Based on 10-year Treasury bond yield plus 2.05 percent. Interest rate not to exceed 8.25%.
Repayment
Term
Standard: 10 years. Many other options are available: see Federal Student Aid
Fees An origination fee of 1.057% will be deducted from each disbursement for loans first disbursed on or after October 1, 2020 and before October 1, 2021. Calculate fee
Eligibility Student must maintain at least half-time enrollment status (i.e. at least 6 credits/points for undergraduates or, for graduate students, at least 4.5 credits/points or a half-time equivalency as approved by their academic department) in each enrolled semester and meet basic eligibility requirements.
Deferral Principal and interest*. Repayment begins six months after graduation or when the student falls below half-time status.

Federal Direct Unsubsidized Loans

Sponsor U.S. Department of Education, 1-800-557-7394.
Amount DEPENDENT STUDENTS: Up to $5,500 Freshman, $6,500 Sophomore, $7,500 Junior/Senior. (All amounts minus any subsidized loan.) Additional unsubsidized amounts may be available if your parent is credit denied for a Plus Loan. INDEPENDENT STUDENTS: Up to $9,500 Freshman, $10,500 Sophomore, $12,500 Junior/Senior, $20,500 Graduates, $40,500 Graduates in health professions. (All amounts minus any subsidized loan.)
Interest 2.75% for undergraduate students, 4.30% for graduate students. Based on 10-year Treasury bond yield plus 2.05 percent (for undergraduate students) and 10-year Treasury bond yield plus 3.60 percent (for graduate students). Interest rate not to exceed 8.25% (for undergraduate students) and 9.50% (for graduate students).
Repayment
Term
Standard: 10 years. Many other options are available: see Federal Student Aid
Fees An origination fee of 1.057% will be deducted from each disbursement for loans first disbursed on or after October 1, 2020 and before October 1, 2021. Calculate fee
Eligibility Student must maintain at least half-time enrollment status (i.e. at least 6 credits/points for undergraduates or, for graduate students, at least 4.5 credits/points or a half-time equivalency as approved by their academic department) in each enrolled semester and meet basic eligibility requirements.
Deferral Principal only. Interest may be capitalized. Repayment begins six months after graduation or when the student falls below half-time status.

Federal Direct PLUS Loan

Sponsor: U.S. Department of Education, 1-800-557-7394.
Amount: Up to the full cost of education, minus other financial aid received.
Interest: 5.30%. Based on 10-year Treasury bond yield plus 4.60 percent. Interest rate not to exceed 10.50%.
Repayment
Term:
Standard: 10 years. Many other options are available: see Federal Student Aid
Fees: An origination fee of 4.228% will be deducted from each disbursement for loans first disbursed on or after October 1, 2020 and before October 1, 2021. Calculate fee
Eligibility: Student must maintain at least half-time enrollment status (i.e. at least 6 credits/points for undergraduates or, for graduate students, 4.5 credits/points or a half-time equivalency as approved by their academic department) in each enrolled semester and meet basic eligibility requirements.
Deferral: Principal only. Interest may be capitalized. To apply for an in-school deferment, Direct Parent PLUS borrowers should call the Direct Loan Student Loan Support Center at 1-800-557-7394.