Federal Direct Subsidized and Unsubsidized Entrance Counseling

Federal Direct Subsidized and Unsubsidized Entrance Counseling

All UAlbany pupils borrowing Federal Direct Subsidized and/or Unsubsidized Loan(s) for the very first time must finish Federal Direct Loan Entrance Counseling just before disbursement of funds. To perform the Federal Direct Loan Entrance Counseling, please go to: StudentLoans.gov.

The Department of Education will alert UAlbany within 2-3 times following the entry guidance is completed online.

Direct Loan Interest Levels and Origination Charges

The 2019-2020 Direct Loan rates of interest and Origination charges chart provides:

  • Interest levels For Direct Loans first disbursed on or after July 1, 2019 and through
    June 30, 2020.
  • Origination charges for Direct Loans First Disbursed on or After 1, 2019 october.
2019-2020 Direct Loan interest levels and Origination Fees
Loan Type Borrower Type Interest Rate Origination Fee
Direct Subsidized Loans Undergraduate 4.53per cent 1.059%
Direct Unsubsidized Loans Undergraduate 4.53% 1.059%
Direct Unsubsidized Loans Graduate 6.08% 1.059%
Direct PLUS Loans Parents and Graduate 7.08% 4.236%

Please be aware, these fixed interest rates affect the time of 1, 2019 to June 30, 2020 july. Leggi tutto “Federal Direct Subsidized and Unsubsidized Entrance Counseling”