All UAlbany pupils borrowing Federal Direct Subsidized and/or Unsubsidized Loan(s) when it comes to first-time must finish Federal Direct Loan Entrance Counseling just before disbursement of funds. To accomplish 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 Costs
The 2019-2020 Direct Loan rates of interest and Origination costs chart provides:
- Interest levels For Direct Loans first disbursed on or after 1, 2019 and through
June 30, 2020 july.
- 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%|
Take note, these fixed interest rates affect the time scale of July 1, 2019 to June 30, 2020. (more…)