Types of Financial 援助

贷款项目

Federal Direct Student Loans

Federal Direct 工作人员ord Loans are available to students enrolled at least half-time (6 credit hours for undergraduates, 4.5信用 hours for graduates) in a degree-seeking program who are U.S. citizens or eligible non-citizens. 贷款 to be repaid, so you are encouraged to only borrow the amount of loan that you actually need to cover your educational 费用.

The maximum loan amounts for an academic year are $5,500 for first-year undergraduates, $6,500 for second-year undergraduates, $7,500 for third- and fourth-year undergraduates, and $20,500 for graduate students. Students considered independent of parental support for financial aid purposes or whose parents cannot borrow a Federal Direct PLUS Loan may be eligible for additional loan amounts.

The maximum aggregate (total) loan amounts are $31,000 for dependent students ($23,000 of this may be in subsidized loans), $57,500 for independent students ($23,000 of this may be in subsidized loans), and $138,500 for graduate students ($65,500 of this may be in subsidized loans). The graduate student aggregate includes 工作人员ord Loans received for undergraduate study.

美国.S. Department of Education charges a loan fee on the principal amount of each 工作人员ord loan, deducted proportionately from each 支付 的贷款. 贷款 disbursing after 9/30/20, the loan fee is 1.057%.

Begin the process by filling out a Free Application for Federal Student 援助 (FAFSA). 你 must accept or decline the loan award(s) through 翼展 or by completing a Loan Adjustment Request.

First-time loan borrowers will need to complete Entrance Counseling 和一个 Master Promissory Note (或然数) Direct Loan Servicing Center. Winthrop University will receive electronic notification when these requirements have been completed.

你 must be enrolled at least half-time (6 credit hours for undergraduates, 4.5信用 hours for graduates) to receive a Direct Loan 支付. Once all award requirements have been met, your financial aid will be credited to your student account. 更多的 information, please visit Applying for 援助.

Returning students must maintain Satisfactory Academic Progress, have remaining loan eligibility, and meet the 工作人员ord Loan awarding requirements each academic year to continue eligibility for the 工作人员ord Loan program.

Repayment: 你 will receive a six-month grace period before beginning loan repayment after you graduate, leave school, or drop below half-time enrollment. 在这 period, you should receive repayment information from your loan servicer and be notified of when your first payment is due. However, you are responsible for beginning repayment on time, even if you do not receive this information. 你 may create a sample loan repayment schedule and review loan repayment options online.

Students must complete exit counseling whenever his/her enrollment drops below half-time. Winthrop University will receive electronic notification when exit counseling has been completed.

To view data on the federal student loans and grants you have received, visit the National Student Loan Data System (NSLDS).


Federal Direct Subsidized Loan

Direct Subsidized 工作人员ord Loans are for undergraduate students with financial need as determined by the FAFSA. The federal government pays the interest on the loan ('subsidizes' the loan) while you are attending school at least half-time. For 2021-2022, the fixed 速度是3.73%. The 利率 will apply for the life 的贷款.  作为一个结果, if you borrow loans each year, it is likely that each loan will have a different fixed 利率. 你 may choose to begin payments on the loan while you are in school. 联系 Direct Loan Servicing Center for further information.

As a result of legislation enacted in July 2012, eligibility for the Direct Loan interest subsidy will be limited for new borrowers (no student loans prior to July 1, 2013). New borrowers may only receive subsidized loans, up to 150 percent of the published length of the student's current educational program. Once the student reaches that limit, he or she may borrow only unsubsidized loans, and interest begins to accrue on the student's outstanding subsidized loan.


Federal Direct Unsubsidized Loan

Direct Unsubsidized 工作人员ord Loans are non-need based federal loans. If you qualify for an unsubsidized loan, you will be charged interest from the time the loan is disbursed until it is paid 全额. For 2021-2022, the fixed 利率 is 3.73% (undergraduate students) and 5.28% (graduate students). The 利率 will apply for the life 的贷款.  作为一个结果, if you borrow loans each year, it is likely that each loan will have a different fixed 利率. While attending school, you may choose to begin payments on the loan, pay just the interest, or allow interest to accrue. Students make this decision during the loan application process; however, the decision can be changed at any time by contacting the Direct Loan Servicing Center.


Federal Direct PLUS Loans for 研究生 Students

研究生 students can borrow a Federal Direct PLUS Loan to help cover educational 费用. The maximum PLUS Loan amount you can borrow is your cost of attendance less Federal Direct 工作人员ord Loans and other estimated financial assistance. 贷款 to be repaid, so you are encouraged to only borrow the amount of loan that you actually need to cover your educational 费用.

The PLUS Loan has a fixed 利率 of 5.28% for the 2021-2022 academic year. 你 will be charged interest from the time the loan is disbursed until it is paid 全额. The 利率 will apply for the life 的贷款. 作为一个结果, if you borrow loans each year, it is likely that each loan will have a different fixed interest 率. 美国.S. Department of Education charges a loan fee, deducted proportionately each 支付 的贷款. 贷款 disbursing after 09/30/20, the loan fee is 4.228%.

To apply for the PLUS Loan, please complete the Federal Direct 研究生 PLUS Loan Request Form and submit it to the Office of Financial 援助. 你 must submit a Free Application for Federal Student 援助 (FAFSA), be enrolled at least half-time in a graduate degree program, and not have an adverse credit history. The completed PLUS Loan request will be submitted to the Direct Loan Servicing Center for approval. Please note that the Office of Financial 援助 is not authorized to approve or deny requests for PLUS Loans.

First-time PLUS Loan borrowers will need to complete Entrance Counseling 和一个 Master Promissory Note (或然数) Direct Loan Servicing Center. Winthrop University will receive electronic notification when these requirements have been completed.

你 must be enrolled at least half-time (4.5信用 hours) to receive a PLUS Loan 支付. Once all award requirements have been met, your financial aid will be credited to your student account. 更多的 information, please visit Applying for 援助.

Returning students must maintain Satisfactory Academic Progress 并提交一个 Federal Direct 研究生 PLUS Loan Request Form to be considered for a PLUS Loan in future academic years.

Repayment: The first payment is due within 60 days after the final PLUS Loan 支付. However, you may defer repayment while you are enrolled at least half-time. 如果你的 PLUS Loan was first disbursed on or after July 1, 2008 you may also defer repayment for an additional six months after you cease to be enrolled at least half-time. 你 should receive repayment information from your loan servicer and be notified of when your first payment is due. However, you are responsible for beginning repayment on time, even if you do not receive this information. 你 may create a sample loan repayment schedule and review loan repayment options online.

Students must complete exit counseling whenever his/her enrollment drops below half-time. Winthrop University will receive electronic notification when exit counseling has been completed.

To view data on the federal student loans and grants you have received, visit the National Student Loan Data System (NSLDS).

更多的 information, please contact the Office of Financial 援助.

Last Updated: 7/6/21