Student Subsidized and Unsubsidized Loans
Direct Subsidized 学生贷款
Low interest student loans available for degree-seeking undergraduate college students to assist with educational cost.
The government pays the interest as long as the student is enrolled in a degree-seeking program and enrolled half-time (six credit hours). The interest accrues in six months from the time the student graduates, drops below half-time enrollment or is no longer enrolled.
Repayment begins: six months after the student graduates, drops below half-time enrollment or is no longer enrolled. There is no penalty for prepayment.
***Interest Rate Information is available online through the Federal Student Aid web page.***
Direct Subsidized 学生贷款
Low interest student loans available for degree-seeking undergraduate and graduate college students to assist with educational cost.
Interest begins accruing immediately following disbursement (while the student is in school). 学生 are strongly encouraged to pay their interest while enrolled so that they do not end up paying interest on top of interest.
Repayment begins: six months after the student graduates, drops below half-time enrollment or is no longer enrolled. There is no penalty for prepayment.
***Interest Rate Information is available online through the Federal Student Aid web page.***
Direct Subsidized and Unsubsidized Loan Procedures
Direct Subsidized and/or Unsubsidized loans are offered up to maximum eligibility for student’s grade level as determined by the Registrar. The UTC Financial Aid Notification is sent to the student’s UTC email account.
学生 then access their financial aid award using the "Financial Aid" tool in MyMocsNet. 学生 must accept, reduce or decline the loans through the "Financial Aid" tool in their MyMocsNet帐户. 学生 borrowing Direct Loans for the first time at UTC must complete Entrance Loan Counseling 和一个 Master Promissory Note (MPN) prior to receiving their first loan disbursement at UTC.
***Interest Rate Information is available online through the Federal Student Aid web page.***
The Direct Subsidized and Unsubsidized Loans have origination fees (loan fees) that are deducted proportionately from each loan disbursement the student receives. This means the money you receive will be less than the amount you actually borrow. You are responsible for repaying the entire amount borrowed and not just the amount received.
Graduate students are not eligible to receive Direct Subsidized Loans.
Loan Limits for the academic year are:
Dependent 学生 (except students whose parents cannot borrow direct PLUS)
- Freshman (0–29 hours)
- 基本贷款*:3,500美元
- Additional Unsubsidized Loan: $2,000
- Maximum Total Loan: $5,500
- Sophomore (30–59 hours)
- 基本贷款*:$4,500
- Additional Unsubsidized Loan: $2,000
- Maximum Total Loan: $6,500
- Junior or Senior (60+ hours)
- 基本贷款*:5,500美元
- Additional Unsubsidized Loan: $2,000
- Maximum Total Loan: $7,500
Independent Student Loan Limits (or Dependent Student with PLUS loan denial)
- Freshman (0–29 hours)
- 基本贷款*:3,500美元
- Additional Unsubsidized Loan: $6,000
- Maximum Total Loan: $9,500
- Sophomore (30–59 hours)
- 基本贷款*:$4,500
- Additional Unsubsidized Loan: $6,000
- Maximum Total Loan: $10,500
- Junior or Senior (60+ hours)
- 基本贷款*:5,500美元
- Additional Unsubsidized Loan: $7,000
- Maximum Total Loan: $12,500
*maximum amount that can be subsidized
Aggregate loan limits
-
$31,000 for dependent undergraduate students (limit $23,000 in subsidized loans)
-
$57,500 for independent undergraduate students (limit $23,000 in subsidized loans)