For students seeking financial assistance for higher education, federal student loans are a common option. These loans are divided into two main types: subsidized and unsubsidized.
Interest on direct subsidized and unsubsidized loans has gone from 5.50% to 6.53% for undergraduate loans and from 7.05% to 8.08% for graduate loans. For parent PLUS loans, which allow parents to ...
We recommend students utilize funding from Direct Unsubsidized Loans before seeking a Grad PLUS Loan, due to the lower interest and fee rates associated with the Direct Unsubsidized Loans.
Interest on these loans does not accrue during enrollment in college or during the six-month grace period after enrollment ends. Federal Direct Unsubsidized loan: Undergraduate and graduate students ...