All UAlbany students borrowing Federal Direct Subsidized and/or Unsubsidized Loan(s) when it comes to very first time must finish Federal Direct Loan Entrance Counseling ahead of disbursement of funds. To perform 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 charges chart provides:
- Interest levels For Direct Loans first disbursed on or after July 1, 2019 and through
June 30, 2020.
- Origination charges for Direct Loans First Disbursed on or After October 1, 2019.
|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 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||extra Unsubsidized||complete|
less than 24 credits
88 or more credits
Independent Undergraduate pupils
(Including Dependent pupils Whose moms and dads Cannot Borrow a Parent PLUS Loan)
|Class Standing||Base Amount||alternative Unsubsidized||complete|