Student Loan Information
| Federal Direct Subsidized and Unsubsidized Loan | Federal Direct Unsubsidized Loan (Graduate) | Federal Direct PLUS Loan (Parent or eligible Grad/Professional) | |
| Interest Rates (loans disbursed on or after July 1, 2025 and before July 1, 2026) |
6.39% | 7.94% | 8.94% |
| Interest Rates (loans disbursed on or after July 1, 2026 and before July 1, 2027) |
6.52% | 8.07% | 9.07% |
| Interest During School | Subsidized is deferred Unsubsidized accrues if not paid |
Accrues if not paid | Accrues if not paid |
| Repayment Grace Period (after graduating/ leaving school/ dropping below half time) |
6 months | 6 months | Must apply to Direct Loans for approval for deferred payments. |
| Processing Fee | 1.057% | 1.057% | 4.228% |
| FAFSA Required | Yes | Yes | Yes |
| Satisfactory Academic Progress Standards must be met | Yes | Yes | Yes |
| Borrower Type | Undergraduate Students | Graduate/Professional Students | Parents of Dependent Undergraduate Students and Graduate/Professional Students |
Direct Loan Fees
| Loan Type | First Disbursed | Loan Fee Percent | Fee Example |
| Direct Subsidized Loans and Direct Unsubsidized Loans |
On or after October 1, 2020 and before October 1, 2027 |
1.057 | $58.13 on a $5,500 loan |
| Direct PLUS Loans (Parent and Grad/Prof Student) |
On or after October 1, 2020 and before October 1, 2027 |
4.228 | $422.80 on a $10,000 loan |
Loan fee calculations that result in more than two decimal places must be truncated to two digits after the decimal point (cents).