Federal Direct Subsidized and Unsubsidized Entrance Counseling

Federal Direct Subsidized and Unsubsidized Entrance Counseling

All UAlbany students borrowing Federal Direct Subsidized and/or Unsubsidized Loan(s) for the very first time must finish Federal Direct Loan Entrance Counseling just before disbursement of funds. To accomplish the Federal Direct Loan Entrance Counseling, please check out: StudentLoans.gov.

The Department of Education will alert UAlbany within 2-3 times following the entry guidance is completed online.

Direct Loan Rates Of Interest 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%

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Please be aware, these fixed interest rates connect with the time scale of 1, 2019 to June 30, 2020 july. Fixed interest levels on subsequent loans for 2020 – 2021 and thereafter are susceptible to alter.

Yearly Borrowing Limits

Dependent Students
(Excluding pupils Whose Parents Cannot Borrow Parent PLUS)

Class Standing Base Amount alternative Unsubsidized complete
Freshman
less than 24 credits
$3,500 $2,000 $5,500
Sophomore
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