Federal subsidized loan calculator

    • What is a subsidized student loan?

      The federal government pays the borrower’s accrued interest while the student is in school and during certain other periods, thereby “subsidizing” these loans. Direct Unsubsidized Loans and Direct PLUS Loans are not need-based loans; the borrower is responsible for accrued interest throughout the life of the loan.

    • What is a direct subsidized loan?

      Direct Subsidized Loans are available to undergraduate students who have financial need. The federal government pays the borrower’s accrued interest while the student is in school and during certain other periods, thereby “subsidizing” these loans.

    • How much subsidized student loans can a first-year student get?

      The table at StudentAid.gov/sub-unsub lists annual loan limits (the maximum loan amount that a student may receive for an academic year) for these loans. A first-year dependent undergraduate student may receive a combined maximum of $5,500 in Direct Subsidized and/or Direct Unsubsidized Loans, not more than $3,500 of which can be subsidized.

    • What are the annual loan limits for direct subsidized loans?

      Direct Subsidized Loans and Direct Unsubsidized Loans have annual loan limits that vary based on the student’s grade level and (for Direct Unsubsidized Loans) dependency status. The annual loan limits are the maximum amounts that a student may receive for an academic year.

    • [PDF File]2023–24 Counselors and Mentors Handbook on Federal Student Aid

      https://info.5y1.org/federal-subsidized-loan-calculator_1_4db62a.html

      The William D. Ford Federal Direct Loan (Direct Loan) Program enables eligible students and parents to borrow from ED at a low interest rate and offers a range of repayment plans among which borrowers can choose. There are four types of Direct Loans: • Direct Subsidized Loans (for undergraduate students)

    • [PDF File]THE EFC FORMULA, 2021–2022 - FSA Partner Connect

      https://info.5y1.org/federal-subsidized-loan-calculator_1_bb2849.html

      What is the EFC? The Expected Family Contribution (EFC) is a number that determines students’ eligibility for certain types of federal student aid. This number is calculated with the EFC formulas, which use the information that students provide on the Free Application for Federal Student Aid (FAFSA

    • [PDF File]THE EFC FORMULA, 2022–2023 - FSA Partner Connect

      https://info.5y1.org/federal-subsidized-loan-calculator_1_2525d4.html

      What is the EFC? The Expected Family Contribution (EFC) is a number that determines students’ eligibility for certain types of federal student aid. This number is calculated with the EFC formulas, which use the information that students provide on the Free Application for Federal Student Aid (FAFSA

    • [PDF File]Direct Loan Origination Loan Periods, and Disbursements

      https://info.5y1.org/federal-subsidized-loan-calculator_1_d85f0a.html

      Correcting Direct Subsidized Loan or Direct Unsubsidized Loan awarding errors If you discover that, due to an error, a student borrower has received Direct Subsidized Loan funds in excess of their financial need, and the student is still enrolled for the loan period, you must return the subsidized loan amount for which

    • [PDF File]The Direct Loan Program Introduction - FSA Partner Connect

      https://info.5y1.org/federal-subsidized-loan-calculator_1_bb9033.html

      specific to the Direct Loan Program. Direct Subsidized Loans and Direct Unsubsidized Loans Only students who have financial need may receive Direct Subsidized Loans. The federal government does not charge interest on Direct Subsidized Loans while the borrower is enrolled on at least a half-time basis, during the grace and

    • [PDF File]FEDERAL STUDENT LOANS

      https://info.5y1.org/federal-subsidized-loan-calculator_1_c06820.html

      A loan based on fnancial need for which the federal government generally pays the interest that accrues while the borrower is in an in-school, grace, or deferment status. A borrower is eligible to receive subsidized loans for up to 150% of his or her program length.

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