Part of a student‘s financial aid package from Heidelberg includes the 联邦直接贷款计划. Payments begin after the student graduates or falls below half-time status. Direct loans are guaranteed, low interest loans for students. The lender is the Department of Education.
There are two types of Direct Loans: subsidized and unsubsidized. A Direct subsidized loan is need-based. No interest is charged while the student is 登记 至少中场休息. A Direct unsubsidized loan is not based on financial need and interest is charged during the enrollment period. The interest rate is determined each July 1st. 2023-24年的税率是5.50%.
需求基于FAFSA分析. 必须至少是中场休息吗. 最高5美元,一年级学生500美元, 不超过3美元,补贴500人, $6,二年级学生500美元, 不超过4美元,补贴500人, 和7美元,500 for third and fourth-year students, 不超过5美元,补贴500人. The interest on a Direct Subsidized Loan will be paid by the federal government while the student is 登记 至少中场休息. In the Direct Unsubsidized Loan program, financial need is not required. Interest is paid by the student while attending school or can be deferred.
The Direct PLUS Loan allows parents with no adverse credit to borrow up to the difference of our total costs minus the student's financial aid. 23-24的利率是8.05%. Interest begins with loan disbursement and repayment begins 60 days after the loan is fully disbursed with a 10-25 year repayment period.
资格要求:
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Must be biological or adoptive parent
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Student must be a dependent 登记 至少中场休息
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Must be US Citizens or eligible noncitizen
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Endorser (co-signer) may be added or may be reconsidered if adverse credit history is indicated
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PLUS loan counseling required for adverse credit history
The determination of Adverse Credit 历史 has changed. A credit check will be performed during the application process. If you are determined to have an adverse credit history, you may still receive a Direct PLUS Loan by obtaining an 支持r who does not have an adverse credit history or by documenting to the U.S. Department of Education's satisfaction extenuating circumstances relating to your adverse credit history. You will be required to complete PLUS Loan Counseling also.
Education Loans help bridge the gap between the actual cost of education and the limited amount the government allows you to borrow in its programs. Private loans are offered by private lenders and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score.
Students are encouraged to apply for a private loan with a cosigner even if you could qualify for a loan on your own. Just applying with a cosigner usually results in a slightly lower rate, as such loans are not as risky for the lender. Moreover, the interest rates and fees are usually based on the higher of the two credit scores. So if your cosigner has a much better credit score than you, it could result in a much lower interest rate.
Please know that you have the right to borrow through the lender of your choice and you are not limited to those included through the Private Education Loan Selection Tools.