Friday, April 13, 2012
Thursday, April 5, 2012
Loss of Subsidized Loan Eligibility for Graduate and Professional Students
New federal regulations are in effect for school year 2012-2013 that will no longer allow graduate or professional students to receive subsidized loans. Beginning July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. All students seeking a graduate/professional degree who complete a FAFSA and are eligible for the Direct Loan Program will be awarded unsubsidized loans only.
The annual loan limit for graduate and professional students remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans.
The aggregate loan limit for graduate and professional students remains unchanged at $138,500, with no more than $65,500 in subsidized loans.
The annual loan limit for graduate and professional students remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans.
The aggregate loan limit for graduate and professional students remains unchanged at $138,500, with no more than $65,500 in subsidized loans.
The elimination of subsidized loan eligibility for graduate and professional students does not affect undergraduate student borrowers, who remain eligible to receive Direct Subsidized Loans. Students enrolled in approved preparatory course work or courses required for teacher certification are considered undergraduate students for purposes of annual loan limits.
Find more information on our website at www.etsu.edu/finaid/fa_news/fa_news.aspx.
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