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
(Excluding pupils Whose Parents Cannot Borrow Parent PLUS)
|Class Standing||Base Amount||alternative Unsubsidized||complete|
less than 24 credits
88 or more credits
Independent Undergraduate pupils