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Federal Direct Subsidized and Unsubsidized Loan

Name of Program
Federal Direct Subsidized and Unsubsidized Loan
Website URL http://studentaid.ed.gov/types/loans/subsidized-unsubsidized
Description
Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school.
Award Amount
$57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.
$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
Other Requirements/Conditions
If your financial aid package includes federal student loans, your school will tell you how to accept the loan. If it is your first time receiving a Direct Loan, you will be required to
complete entrance counseling, a tool to ensure you understand your obligation to repay the loan; and sign a Master Promissory Note (MPN), agreeing to the terms of the loan.
Application Process
Complete your Free Application for Federal Student Aid (FAFSA). Apply at the Financial Aid Office of the School you wish to attend.
Deadline Date
Apply as soon as possible.
Target Audience
Veteran, Students and interns, Interested in teaching in a low-performing school and critical shortage areas, Interested in teaching mathematics, Interested in teaching science, Interested in teaching special education, Residents of other states
Type of Financial Aid
Loan

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