Direct Subsidized Loans

GPTKB entity

Statements (45)
Predicate Object
gptkbp:instanceOf gptkb:Bank
gptkbp:availableIn Undergraduate students
gptkbp:cancellationReason Public Service Loan Forgiveness
Teacher Loan Forgiveness
Total and Permanent Disability Discharge
gptkbp:decommissioningDate Directly to the school
gptkbp:enrollment Demonstrate financial need
gptkbp:evaluates FAFSA
gptkbp:hasPatentNumber Negative impact on credit score
Wage garnishment
Collection fees
Tax refund offset
https://www.w3.org/2000/01/rdf-schema#label Direct Subsidized Loans
gptkbp:interests Fixed interest rate
Interest does not accrue while in school
gptkbp:issuedBy gptkb:U.S._Department_of_Education
gptkbp:maximumDepth Dependent students up to $5,500
Independent students up to $9,500
gptkbp:paymentMethods 10 to 25 years
Standard repayment plan
Graduated repayment plan
Income-driven repayment plan
U.S._Department_of_Education_during_in-school_period
gptkbp:postRetirementCareer Economic hardship deferment
In-school deferment
Unemployment deferment
gptkbp:scholarships Various private companies
No credit check required
Flexible repayment options
Must be enrolled at least half-time
Can be combined with other financial aid
No collateral required
Aggregate limit for dependent students $31,000
Aggregate limit for independent students $57,500
Available for multiple academic programs
Can be used for living expenses and tuition
Funds disbursed at least twice per academic year
Interest subsidy during deferment periods
Loan forgiveness options available
Loan servicers manage repayment
Must maintain satisfactory academic progress
Reapply each year through FAFSA
Must_be_a_U.S._citizen_or_eligible_non-citizen
gptkbp:timePeriod 6 months after graduation
gptkbp:type Need-based financial aid