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An educational loan is money borrowed to students for higher education. Educational Loans will need to be paid back after a student graduates, withdraws from all classes, or goes below half-time enrollment. There is a six month grace period before repayment begins.
While there are many different types of student loans, the most common for 体育菠菜大平台 students are Federal Direct Student Loans. These are offered after a student completed their FAFSA. Below you will find more information about the various types of loan programs, their requirements, and how to choose the right option for you.
Federal Direct Student Loans
The most common types of student loans that are offered to students are Federal Direct Loans. There are two types of Federal Direct Loans; Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans. Federal Direct Student Loans are offered after a student has been admitted to 体育菠菜大平台 and completes their Free Application for Federal Student Aid (FAFSA).
学生可以通过登录接受他们决定借入的联邦直接学生贷款的金额 MyBLUE. Students do not have to accept the full amount of the loans, and may enter any partial amount that is decided to be borrowed. 借款人也可以联系财政援助办公室，以减少已接受的贷款金额.
Federal Direct Subsidized Loans
Federal Direct Subsidized Loans have slightly better terms to help out students with financial need.
Federal Direct Subsidized Loans are onlyavailable to undergraduate students with financial need.
Your school determines the amount you can borrow, and the amount may not exceed your financial need.
The U.S. Department of Education pays the interest on a Federal Direct Subsidized Loan:
While you’re in school at least half-time,
For the first six months after you leave school (referred to as a grace period), and
During a period of deferment (a postponement of loan payments).
Federal Direct Unsubsidized Loans
Federal Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Graduate students only qualify for Federal Direct Unsubsidized Loans.
你的学校根据你的出勤费用和你收到的其他经济援助来决定你可以借多少钱.
You are responsible for paying the interest on a Federal Direct Unsubsidized Loan during all periods.
If you choose not to pay the interest while you are in school,during grace periods, or deferment or forbearance periods, your interest will accrue (build) and be capitalized (that is, your interest will be added to the principal amount of your loan).
*Note: Interest payments to a Federal Direct Unsubsidized Loan do not have to be made while in school. However, 财政援助办公室鼓励借款人开始支付利息，以便在完成学业时将所欠的债务总额降到最低. 支付利息可以防止贷款债务膨胀到超过原来的本金.
Students who are borrowing a Federal Direct Student Loan for the first time* are required to complete Entrance Loan Counseling and a Master Promissory Note before the loan can be disbursed out to their account. (*If you previously borrowed a Federal Direct Loan as a current undergraduate student, 你应该已经填写了入学贷款咨询和主本票，不需要再填写这些项目.)
Entrance Loan Counseling Students may access the entrance loan counseling session on the Department of Education's StudentAid.gov website. Once you complete this online session, the 体育菠菜大平台 Financial Aid Office is notified. If you want to check to see if your confirmation has been received in our office, please review your MyBLUE To-Do List. Once this requirement has been met, it will be removed from your checklist.
Master Promissory Note As you begin to borrow for your educational expenses, it is important that you are aware of the loan's terms and conditions. These stipulations govern the rights and responsibilities you have as a borrower. When you sign the Master Promissory Note (MPN), you enter a legal and binding contract (according to the terms and conditions listed).
While this is not a requirement, we highly recommend that you complete the online Annual Student Loan Acknowledgement for your benefit.
Exit Loan Counseling 如果你已经借了学生贷款来帮助支付你的教育费用，你要么申请从体育菠菜大平台毕业, withdraw from classes, or drop below half-time enrollment, you will be notified of opportunities to attend an Exit Loan Counseling session. Exit Loan Counseling is required for students graduating from 体育菠菜大平台. If you will be graduating from 体育菠菜大平台 and have not yet completed the Exit Loan Counseling session, you will see a reminder on your “To Do List” on MyBLUE. Once you have completed a group counseling session or an online counseling session, the reminder will be removed from your “To Do List.“退出贷款咨询的目的是帮助你做好充分的准备，了解你所借的学生贷款的偿还情况.
An interest rate is additional money that you will have to pay on top of your loan. The faster you can repay your student loan, the less amount of interest you will pay. An origination fee is an extra fee added to your loan for the cost of services rendered to set up the loan. Make sure you borrow enough loan to cover your 体育菠菜大平台 costs as well as the origination fee.
Current Rates: Interest Rates for Federal Direct Loans borrowed July 1, 2023 - June 30, 2024:
联邦直接贷款是联邦直接贷款计划的一部分，由联邦政府提供资金. PLUS loans are borrowed by the parents of dependent students as a way to help finance education expenses. 学生的出勤费减去所有其他经济援助(由学校决定)是可以借用的最高限额. Unless the borrower specifies deferred payments in the loan request, repayment begins after the full loan has been disbursed.
The interest rate is fixed at 8.05% for the 2023-24 academic year. Interest is charged during all loan periods, starting on the date of the loan’s first disbursement. An origination fee of 4.228%, 是否会从所借本金中扣除，而由此产生的净贷款将用于学生帐户.
The borrower must be a U.S. citizen or an eligible non-citizen who is the student’s current biological, adoptive,or step-parent.
The dependent student must be enrolled at least half-time at 体育菠菜大平台.
The application for the Federal PLUS Loan includes a credit check; borrowers must either have a good credit history or an endorser who has good credit.
借款人不得拖欠任何联邦教育贷款或拖欠联邦教育补助金.
If denied, parents may appeal, or they may have an endorser co-sign the loan.
如果学生的父母已经完成了贷款申请，并且没有资格获得联邦直接贷款，则可以获得额外的联邦直接贷款.
If a parent would like to apply for PLUS Loan funding, he or she may do so by:
The Federal Direct Graduate PLUS Loan enables graduate students to borrow additional loan from the U.S. Department of Education to help pay educational expenses. This loan is a more expensive loan with significantly higher interest rates and origination fees, and as such is available to a student only after exhausting all other Federal Direct Student Loan eligibility within a school year. An applicant’s credit is checked by the Department of Education to determine eligibility for this loan.
Some general terms are as follows:
Borrowers must be U.S. citizens or permanent residents.
Fixed Interest Rates (set annually)
Origination fee of 4.228% reduces net proceeds
Deferred repayment while enrolled at least half-time
Combined repayment servicing with other federal student loans
Contact the 体育菠菜大平台 Office of Financial Aid for more details and for information regarding the application process for this loan.
总限额是指学生在一个学年(秋季)内可以借到的联邦直接学生贷款的总额, spring, and summer semesters). The chart below shows the aggregate loan amounts per year based off of a student's grade level.
Undergraduate
Aggregate Amounts of Aid Per Year
Aggregate Limits per grade level
Federal Direct Subsidized Loans
Federal Direct Unsubsidized Loans
Independent*
Total**
FR (0-27 credits)
$3,500.00
$2,000.00
$4,000.00
$5,500.00
SO (28-57 credits)
$4,500.00
$2,000.00
$4,000.00
$6,500.00
JR (58-88 credits)
$5,500.00
$2,000.00
$5,000.00
$7,500.00
SR (89+ credits)
$5,500.00
$2,000.00
$5,000.00
$7,500.00
Pre-Masters
$5,500.00
$ 0.00
$7,000.00
$5,500.00
*If a student is classified as an independent student as determined by the FAFSA or if the Parent PLUS Loan was denied, 他或她将根据年级水平获得联邦直接无补贴贷款资格的指定额外金额.
**该总额不包括独立学生或联邦直接父母PLUS贷款被拒绝的学生可能有资格获得的联邦直接无补贴贷款的额外金额. To get the total amount for these students, add the number in the independent column for their grade level to the total in their grade level.
Graduate
The annual aggregate amount of loan a graduate student may qualify for each year is $20,500.00. The lifetime aggregate amount of loan a graduate student may borrow is $138,500.00*.
*This amount includes what the student has borrowed as a graduate student and as an undergraduate student.
The Federal Student Aid Website
The Federal Student Aid website, StudentAid.gov, is the U.S. Department of Education's (ED's) central database for student aid. This website is a one-stop location to access almost anything related to federal financial aid.
How to Use the Federal Student Aid Website
StudentAid.gov will keep track of all educational federal loans (i.e. Subsidized, Unsubsidized, Parent PLUS, and Grad PLUS) borrowed by a student or parent from any institution.
Parents and students can log on to their dashboard on StudentAid.gov using their FSA ID; the same login information used to access the FAFSA.
On your account dashboard, you can view all of your federal loan debts and the interest that has been collected.
You can view repayment plans, repayment due-dates, and how to repay your loan(s).
A loan servicer is 联邦政府指定的公司，代表他们处理你的联邦学生贷款的账单和其他服务. If you want to change your repayment plan or have questions about your loan payments, you will contact your loan servicer. You can click "View Loan Servicer Details" to find out who your loan servicer is.
Sample Loan Repayment Schedule
Once you have graduated, withdrawn from all classes, or drop below half-time enrollment, you will have a six-month grace period before your federal student loans go into repayment. The default repayment plan that you will be put on is the standard, or level, repayment plan. (你可以通过和你的贷款服务人员谈谈来改变你的还款计划)这将把你每月的还款分成等额，还款计划是10年. This is the least costly plan, as you will pay the least in interest charges. See the sample loan repayment schedules below for the different levels of student loan debt.
Sample Standard Repayment Plan Schedule
Amount
Borrowed
Number of
Payments
Estimated Monthly
Payments
Estimated Total
Amount Paid
$5,000
30
$176
$5,267
$10,000
58
$190
$11,059
$20,000
103
$235
$24,251
$30,000
120
$302
$36,277
$50,000
120
$504
$60,462
$75,000
120
$756
$90,694
$100,000
120
$1,008
$120,925
Fixed-Interest Rate: 3.99%
A loan servicer is 联邦政府指定的公司，代表他们处理你的联邦学生贷款的账单和其他服务. To see who your Loan Servicer is, log into studentaid.gov. Below is a list of Loan Servicing Centers for Federal Student Loans and their contact information.
DEPARTMENT OF EDUCATION LOAN SERVICING CENTERS INFORMATION
Loan Servicing Centers
Nelnet
Borrower Contact Information
Phone: 888.486.4722
TDD/TTY: A borrower who is hearing-impaired may web chat with a representative by visiting nelnet.com and clicking on "Chat Now". Chat Hours: 8 a.m.-9 p.m. ET, Monday through Friday.
A private student loan is a loan offered for higher education by banks, credit unions, and online lenders. 私人贷款需要直接向作为私人贷款人的金融机构提交单独的申请. Federal loans have fixed interest rates, while the private loan interest rates are largely dependent on credit history.
体育菠菜大平台 uses the ELM Select Tool 提供学生在过去两年内向私人学生贷款机构借款的历史名单. 体育菠菜大平台 does not recommend any specific lender, 但提供这个列表作为资源和服务，学生寻求贷款援助超出他们的联邦学生贷款资格. As a borrower, you may use any lender you choose. The lender does not have to be one that appears on this list. 你可以做一个更广泛的搜索私人学生贷款贷款人在线或其他方式，体育菠菜大平台将处理您的贷款与任何贷款人你选择利用.
ELM选择工具允许您比较几个私人学生贷款贷方的条款，包括:利率, cosigner requirements, repayment length and other important loan information to help with your borrowing decision. Take these next steps to access our historical listing of Private Student Loan lenders:
View the disclosures and additional resources within the ELM Select Tool
Select ‘View Loans’ to access the Private Student Loan lender listing and loan terms
As an important note, students pursuing private educational loans must sign an Applicant Self-Certification form and submit this form to the private lender before the loan may be disbursed.
