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) when it comes to very first time must finish Federal Direct Loan Entrance Counseling just before disbursement of funds. To perform the Federal Direct Loan Entrance Counseling, please check out: 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 Costs

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

  • Interest levels For Direct Loans first disbursed on or after 1, 2019 and through
    June 30, 2020 july.
  • Origination Fees 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 4.53% 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%

Take note, these fixed interest rates connect with the time of July 1, 2019 to June 30, 2020. Fixed interest levels on subsequent loans for 2020 – 2021 and thereafter are susceptible to alter.

Yearly Borrowing Limits

Dependent Students
(Excluding pupils Whose Parents Cannot Borrow Parent PLUS)

Class Standing Base Amount alternative Unsubsidized complete
Freshman
less than 24 credits
$3,500 $2,000 $5,500
Sophomore
24-55 credits
$4,500 $2,000 $6,500
Junior
56-87 credits
$5,500 $2,000 $7,500
Senior
88 or more credits
$5,500 $2,000 $7,500

Independent Undergraduate pupils
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