Entrance Counseling is required for the following Federal loan types:
Undergraduate students must enroll for at least 6 credits for each semester that you want to receive the loan.
The Department of Education is authorized to charge the borrower origination and guarantee fees. For loans disbursed before October 1, 2016 – the origination fee will be 1.068%. For loans disbursed on or after October 1, 2016 – the origination fee will be 1.069%. The current guarantee fee is ZERO. Fees are deducted from each semester’s disbursement.
The Federal Subsidized Direct loan will have a 3.76% fixed interest rate.
Direct Loan repayment begins 6 months after you cease to be enrolled at least half-time. The Standard Repayment Period is 10 years but you may change your repayment plan with your Direct Loan Servicer if necessary.