* $31,000 as a dependent undergraduate student (only $23,000 of this can be subsidized)
* $57,500 as an independent undergraduate student (only $23,000 of this amount can be subsidized)
The origination fee for Federal Direct Subsidized and Unsubsidized Loans is 0.50 percent. The origination fee is retained by the federal government to reduce the cost of supporting these low interest loans.
The origination fee for Federal Direct Parent PLUS Loans is 4 percent and 1.5 percent is rebated up front to the borrower at the time the PLUS loan is disbursed.
Subsidized Loans: fixed at 4.45% for loans first disbursed on or after July 1, 2017.
Unsubsidized Loans: fixed at 6% for loans first disbursed on or after July 1, 2017.
Parent PLUS Loan: fixed at 7% for loans disbursed on or after July 1, 2017
In order to provide the best customer service to students, we offer our services in a variety of virtual, online formats. Email is the best way to connect with our staff. Utilizing emails helps us better serve you, giving our staff an opportunity to research your question before responding. Contact your financial aid advisor.