{"id":214,"date":"2017-10-05T23:30:20","date_gmt":"2017-10-06T06:30:20","guid":{"rendered":"https:\/\/nau.edu\/office-of-scholarships-and-financial-aid\/?page_id=214"},"modified":"2024-02-09T14:07:53","modified_gmt":"2024-02-09T21:07:53","slug":"direct-subsidized-unsubsidized-loans","status":"publish","type":"page","link":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/types-aid\/student-loans\/direct-subsidized-unsubsidized-loans\/","title":{"rendered":"Direct subsidized &#038; unsubsidized loans"},"content":{"rendered":"<div class=\"nau-block nau-block-left-nav-top-bound\">\n    \t<button id=\"left-nav-toggle-btn\" onclick=\"toggleNav();\">\n\t\tON THIS PAGE \n\t\t<i id=\"chevron-icon\" class=\"fas fa-solid fa-chevron-down\"><\/i>\n\t<\/button>\n\t<div id=\"left-nav-menu-track\">\n\t\t<div id=\"left-nav-wrapper\">\n\t\t\t<div class=\"rfi-above-anchor-tags\">\n\t\t\t\t<div class=\"ri-container\">\n\t\t\t\t\t<a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div id=\"left-nav-menu\">\n\t\t\t\t<div class=\"menu-section menu-section-links\"><h6 class=\"hidden-mobile left-nav-list-header\">ON THIS PAGE<\/h6><ul class=\"left-nav-menu-list left-nav-automatic on-this-page\"><\/ul><h6>Related pages<\/h6><ul class=\"left-nav-menu-list\">\t\t\t\t\t\t\t<li><a href=\"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/contact\/\" title=\"Contact us\">Contact us<\/a><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"back-to-top\"><a href=\"#\">Back to top<\/a><\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<div class=\"ri-container\"><a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a><\/div><\/div>\t\t\t\t\t\t\t\t<div class=\"menu-section backcolor\">\n\t\t\t\t\t<div class=\"header\">\n\t\t\t\t\t\tHOW CAN WE HELP?\t\t\t\t\t<\/div>\n\t\t\t\t\t<ul class=\"responsive-icons\">\n\t\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<button class=\"link-button\" onclick=\"embedLouieChatbot();\">\n\t\t\t\t\t\t\t\t<img style=\"width: 20px;\" src=\"https:\/\/legacy.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-chat.svg\" alt=\"Live chat:\">\n\t\t\t\t\t\t\t\tChat\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"tel:928-523-4951\"><img src=\"https:\/\/legacy.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-phone.svg\" alt=\"Telephone:\"> 928-523-4951<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"mailto:financial.aid@nau.edu\"><img src=\"https:\/\/legacy.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-email.svg\" alt=\"Email:\"><span class=\"left-nav-email\"> financial.aid&#8203;@nau.edu <\/span><\/a><\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<section class=\"nau-block left-nav-section\"><header class=\"entry-header\"><div class=\"breadcrumb\"><ol class=\"breadcrumbs\"><li class=\"current\">Pages<\/li><\/ol><\/div><h1 class=\"entry-title text-left \">Direct loans for NAU students<\/h1><hr class=\"h1-hr  text-left \" role=\"none\"><\/header><!-- .entry-header --><\/section><!-- <section class=\"nau-block left-nav-section grid-md-12\">\n    <header class=\"entry-header\">\n        <h1 class=\"entry-title text-left \" tabindex=\"0\" id=\"h1-first\">Dummy H1<\/h1>\n        <hr class=\"h1-hr  text-left \" role=\"none\">\n    <\/header>\n<\/section> -->\n\n<section class=\"nau-block left-nav-section grid-md-12\">\n        <div class=\"page-content\">\n        \n\n<h2>What they are and how to get them<\/h2>\n\n\n\n<p>Direct loans are offered directly from the federal government and are meant to help students pay for college. These are the most common type of student loans. Direct loans generally have more favorable terms and conditions than private loans. We recommend using direct loans when possible over private loans.<\/p>\n\n\n\n<p>There are two types of direct loans:<\/p>\n\n\n\n<section  \n    class=\"nau-block nau-block-panels   \" \n    data-layout_mobile=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_tablet=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_desktop=\"groupLayout-Grid gutter_Default panelLayoutPhotoTextVertical  photoAspect-4-3\"\n        data-layout_xl=\"groupLayout-Grid gutter_Default panelLayoutPhotoTextVertical  photoAspect-4-3\">\n\n    <div class=\"background-wrapper\">\n        <div class=\"block-main-content\">\n            \n            \n            \n            \n            \n            <div class=\"panel-wrapper\">\n                \n                                \n                        <div class=\"panel bg-gold  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--0\"\n                            id=\"panel--0\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Subsidized loans<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Subsidized loans means you won\u2019t be charged interest on the loan while you\u2019re still attending school at least half-time (6+ credits for undergraduate students). Students must demonstrate financial need to be eligible for subsidized loans.<\/p>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                    \n                        <div class=\"panel bg-monsoon  panelTypeText  noHover \"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--1\"\n                            id=\"panel--1\">\n\n                            \n                                                                    <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                                                                <h3 class=\"h3-tab-index\">Unsubsidized loans<\/h3>\n                                                \n                                                                                                    <div class=\"text\">\n                                                        <p>Unsubsidized loans are available to all undergraduate and graduate students, regardless of financial need. You\u2019re responsible for paying the interest on unsubsidized loans even while you\u2019re still in college.<\/p>\n                                                    <\/div>\n                                                \n                                                                                            <\/div>\n                                        <\/div>\n\n                                    \n                                \n                                                        <\/div>\n                                                <\/div>\n\n                    <\/div>\n    <\/div>\n<\/section>\n\n\n<h2>Tools and resources<\/h2>\n\n\n\n<ul><li><a rel=\"noreferrer noopener\" href=\"https:\/\/studentaid.gov\/entrance-counseling\/\" target=\"_blank\">Entrance counseling<\/a>: to accept a federal direct loan, you must complete entrance counseling, which will help you understand your loan and how it works. You\u2019ll also need to sign a <a rel=\"noreferrer noopener\" href=\"https:\/\/studentaid.gov\/mpn\/\" target=\"_blank\">Master Promissory Note<\/a>, which is an agreement to repay your loans and their interest.<\/li><\/ul>\n\n\n\n<ul><li><a rel=\"noreferrer noopener\" href=\"https:\/\/studentaid.gov\/\" target=\"_blank\">Federal Student Aid<\/a> is an excellent website to learn more about all things federal financial aid.<\/li><\/ul>\n\n\n\n<ul><li><a rel=\"noreferrer noopener\" href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/interest-rates\" target=\"_blank\">Interest rates<\/a> on federal direct loans are set by Congress each year.<\/li><\/ul>\n\n\n\n<ul><li><a href=\"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/loan-repayment-consolidation\/\">Loan repayment and consolidation<\/a>: learn more about the process and the best methods for paying off your student loans.<\/li><\/ul>\n\n\n\n<h2>Loan limits<\/h2>\n\n\n\n<p>The amount of federal direct loans you can receive is based on what year you are in college as well as whether you are considered a dependent of a parent or guardian. If either of these things change in the middle of the school year, it could allow for additional loan funding.<\/p>\n\n\n<section         class=\"nau-article-block-simple-color-text-photo bg-twilight-xxx-light \">\n    \n\n    \n        <hr role=\"none\" class=\"hr-clearspace-20 d-none-md\">\n\n                        \n<table id=\"tablepress-5\" class=\"tablepress tablepress-id-5\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><strong>Academic level<\/strong><\/td><td class=\"column-2\"><strong>Dependent<br \/>\nstudents<\/strong><\/td><td class=\"column-3\"><strong>Independent <br \/>\nstudents<\/strong><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Freshman &#8211; &lt;30 units completed<\/td><td class=\"column-2\">$5,500 Sub and Unsub<br \/>\n$3,500 maximum Sub<\/td><td class=\"column-3\">$9,500 Sub and Unsub<br \/>\n$3,500 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Sophomore &#8211; between 30 and 59 units completed<\/td><td class=\"column-2\">$6,500 Sub and Unsub<br \/>\n$4,500 maximum Sub<\/td><td class=\"column-3\">$10,500 Sub and Unsub<br \/>\n$4,500 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Junior \/ Senior &#8211; 60 units and above completed<\/td><td class=\"column-2\">$7,500 Sub and Unsub<br \/>\n$5,500 maximum Sub<\/td><td class=\"column-3\">$12,500 Sub and Unsub<br \/>\n$5,500 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Undergraduate second degree or teacher certification<\/td><td class=\"column-2\">$7,500 Sub and Unsub<br \/>\n$5,500 maximum Sub<\/td><td class=\"column-3\">$12,500 Sub and Unsub<br \/>\n$5,500 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Graduate degree or teacher certification <\/td><td class=\"column-2\">Not Eligible<\/td><td class=\"column-3\">$20,500 Unsub only <br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n    \n\n<\/section>\n\n<section         class=\"nau-article-block-simple-color-text-photo bg-twilight-xxx-light \">\n    \n\n    \n        <hr role=\"none\" class=\"hr-clearspace-20 d-none-md\">\n\n                        \n<table id=\"tablepress-7\" class=\"tablepress tablepress-id-7\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><strong>Student type<\/strong><\/td><td class=\"column-2\"><strong>Lifetime loan limits, effective 7\/1\/2008<\/strong><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Dependent undergraduate<\/td><td class=\"column-2\">$31,000 (Sub and Unsub) &#8211; $23,000 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Independent undergraduate<\/td><td class=\"column-2\">$57,500 (Sub and Unsub) &#8211; $23,000 maximum Sub<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Graduate or professional<\/td><td class=\"column-2\">$138,500 (Sub and Unsub) &#8211; $65,500 maximum Sub<br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n    \n\n<\/section>\n\n    <\/div>\n<\/section>\n\n<div class=\"nau-block nau-block-left-nav-bottom-bound\">\n\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":7090,"parent":140,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ring_central_script_selection":""},"acf":[],"_links":{"self":[{"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214"}],"collection":[{"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":29,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214\/revisions"}],"predecessor-version":[{"id":12508,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/214\/revisions\/12508"}],"up":[{"embeddable":true,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/pages\/140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/media\/7090"}],"wp:attachment":[{"href":"https:\/\/legacy.nau.edu\/office-scholarships-financial-aid\/wp-json\/wp\/v2\/media?parent=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}