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What is maximum amount of money offered by the direct Stafford loan for undergraduate student?
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The maximum amount of direct stafford loan money a student can obtain is?
$31,000-APEX
How much will you get from federal loans for college?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the alternative vis private banks
Low Interest Student Loan?
Financing your education, whether you are attending a four-year college or university, community college, graduate school, or trade, career, or technical school is a difficult task. Fortunately, the U.S. Department of Education offers a wide range of low interest student loans which can help you and your parents cover the costs of your education. There are four main types of loans available to students and their parents: Federal Perkins Loans, Stafford Loans, PLUS Loans, and Consolidation Loans.The Federal Perkins LoanThe Federal Perkins Loan is a low interest student loan offered to undergraduate and graduate students who show significant financial need. The interest rate is fixed at 5% over a 10 year repayment period. The loan program is disbursed by the participating school and is made to students who are enrolled either full or part-time.The Stafford LoanThe Stafford Loan is a student loan offered to undergraduate and graduate students who are enrolled at least half-time in a institution of higher learning. Two types of Stafford Loans exist: subsidized and unsubsidized. A subsidized Stafford Loan does not accrue interest while a student is enrolled in school and is fixed at a rate of 6% for undergraduates and 6.8% for graduates. In order to be eligible for a Stafford Loan, a student must demonstrate financial need. On the other hand, an unsubsidized Stafford Loan accrues interest from the point that the loan is made. Unsubsidized Stafford loans are fixed at a rate of 6.8% for undergraduates and graduates.The Federal PLUS LoanThe Federal PLUS Loan, can be obtained either by parents to pay for the undergraduate education of their dependent children or by graduates students to pay for their own graduate or professional degree. Currently the interest rate for undergraduate loans is fixed at 8.5% and the interest rate for graduate loans is fixed at 7.9%.Consolidation LoanThe Consolidation Loan enables student and parent loan borrowers to consolidate multiple Federal education loans into one loan. Consolidation simplifies the repayment process, allowing borrowers to make one monthly loan.
How long does a student typically have after graduation to begin repaying a Stafford loan?
The student usually has six months after graduation to start repaying a Stafford Loan.
How long does a student typically after graduation to begin repaying a Stafford loan?
The student usually has six months after graduation to start repaying a Stafford Loan.
What is the maximum amount of direct Stafford money a student can obtain?
31000
The maximum amount of direct stafford loan money a student can obtain is?
$31,000-APEX
What is the maximum amount of direct Stafford loan money a student can obtain?
$31,000
Are there income limitations for Stafford Loans?
There are no income limits for unsubsidized Stafford loans.Subsidized Stafford loans are awarded based on need.There are two types of Stafford LoansStafford (Subsidized) - The interest portion of the loan is borne by the federal government. You can apply provided you spent at least half the time in school.Stafford (Unsubsidized) - Interest portion is to be paid even if the student is enrolled in the school. Offered to those with maximum borrowing capacity.
Where can I find information on applying for a federal student loan?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the most common and one of the lowest-cost ways to pay for school.
How much will you get from federal loans for college?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the alternative vis private banks
Federal Student Loan Limits?
Federal student loan limits are based upon financial need and year in college. The following loans are available:Stafford dependent undergraduate student loansFirst year total $5,500, maximum of $3,500 in subsidized loansSecond year total 6,500, maximum of $4,500 in subsidized loansThird year, juniors and seniors total of $7,500, maximum of $5,500 in subsidized loansPreparatory course for undergraduate program - $2,625 subsidized loans onlyPreparatory course for professional program -$5,500 subsidized loans onlyTeacher certification -$5,500 subsidized loans onlyTotal maximum loan limit for dependent undergraduate students may not exceed $31,000, with a maximum of $23,000 in subsidized loans.Stafford independent undergraduate student loans:First year - $9,500, maximum $3,500 in subsidized loansSecond year - $10,500, maximum $4,500 in subsidized loansThird year, juniors and seniors - $12,500, maximum $5,500 in subsidized loansPreparatory course for undergraduate program - $8,625, maximum $2,625 in subsidized loansPreparatory course for professional program -$12,500, maximum $5,500 in subsidized loansTeacher certification -$12,500, maximum $5,500 in subsidized loansTotal maximum loan limit for independent undergraduate students may not exceed $57,500, with a maximum of $23,000 in subsidized loans.Stafford graduate and medical student loansGraduate students -$20,500 with a maximum $8,500 in subsidized loans. Total maximum loan limits - $138,500, with a maximum $65,500 in subsidized loans Medical students - $40,500 with a maximum $8,500 in subsidized. Total maximum loan limit of up to $224,000, with a maximum $65,500 in subsidized loans.Perkins Subsidized LoansThe school acts as the lender and uses funds that are provided by the federal government for students who demonstrate an exceptional financial need. Amounts are determined by the student's financial aid office. Maximum limits per year for undergraduate students are $5,500 and $8,000 for graduate students. The total maximum loan limit amount is $27,500 for undergraduate students and $60,000 for combined undergraduate and graduate loans.Graduate and professional student PLUS loansThe PLUS loan is available for students or their parents on the student's behalf. The loan limits are based upon the student's cost of attending school less any other financial aid they receive.
Where should I apply for a fixed rate student loan?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the most common and one of the lowest-cost ways to pay for school. After graduation, be sure to remember your federal student loans. Think about your Stafford loan repayment options. When you consolidate your Stafford loans, you are locking in today's low rates and combining multiple Stafford loan payments into one lower monthly payment. Teachers, counselors and other public service professionals may qualify for Stafford Loan forgiveness programs.
What is the difference between private stafford and plus student loans?
What is the difference between private stafford and plus student loans?
When was Ontario Undergraduate Student Alliance created?
Ontario Undergraduate Student Alliance was created in 1992.
Who will be considered an undergraduate student?
Typically, an undergraduate student is one who is pursing either an associate's or bachelor's degree.
How long does a student typically have after graduating to begin a Stafford loan?
The student usually has six months after graduation to start repaying a Stafford Loan.
