U.S. Department of Education
William D. Ford Direct Loan Tools
All Federal Direct Loans borrowed to pay for expenses while going to Eastman are lent through the Lending that is direct process. For lots more comprehensive information regarding the William D. Ford Direct Loan tools, please go to the Federal scholar help site.
Current Modifications to Federal Loan Tools
Brand New Origination costs: for just about any brand new Federal Direct Loans originated where in actuality the disbursement that is first is supposed to be made on or after October 1, 2019 and before October 1, 2020, the brand new loan origination charges are 1.059% for Direct Subsidized Loans and Direct Unsubsidized Loans, and 4.236% for Direct PLUS Loans and Direct Graduate PLUS Loans.
New interest levels: for just about any brand new Federal Direct Loans originated in which the disbursement that is first is made on or after July 1, 2019 and just before July 1, 2020, the brand new rate of interest for Direct Subsidized & Unsubsidized Loans (Undergraduate) is 4.53%, for Direct Unsubsidized Loans (Graduate) is 6.08% and Direct PLUS Loans (Parent & Graduates) is 7.08%. (more…)