/Institutions/Stevens-Institution-of-Technology/json/2024-2025/Academic-Catalog-local.json

/Institutions/Stevens-Institution-of-Technology/json/2024-2025/Academic-Catalog.json

2024-2025 Academic Catalog > Financing a Stevens Education > Undergraduate Student Financial Aid Information > Federal Financial Aid Programs > Subsidized Federal Direct Loans

Subsidized Federal Direct Loans

“Interest free’ while the student is enrolled at least half-time (6 credits). Students are required to begin repayment six months after leaving school or dropping below six credits. The interest rate is fixed each award year and there is a loan fee taken at the time of disbursement. Interest rates are set by Congress and are tied to financial markets. Interest rates for loans made on/after July 1, 2024 and before July 1, 2015 are 6.53%. There is a 1.057% loan fee. New borrowers as of July 1, 2013 may not receive Direct Subsidized Loans for more than 150 percent of the published length of their program).