Federal Direct Unsubsidized Loan Program
GPTKB entity
Statements (66)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:financial_assistance
|
| gptkbp:administered_by |
gptkb:U._S._Department_of_Education
|
| gptkbp:application |
Online through FAFSA
|
| gptkbp:borrower_responsibilities |
Repay the loan with interest
|
| gptkbp:cancellation_reason |
Limited circumstances
|
| gptkbp:consequences |
Negative impact on credit score
|
| gptkbp:consolidation_options |
Available for borrowers
|
| gptkbp:currency |
Fixed rate
|
| gptkbp:eligibility |
No financial need required
|
| gptkbp:financial_aid |
Various private companies
Directly to the school Varies by year in school Managed by federal loan servicers Unsubsidized loans $20,500 per year for graduate students Borrowers have rights under federal law May affect eligibility for other aid Requires promissory note |
| gptkbp:financial_literacy_requirement |
Encouraged for borrowers
|
| gptkbp:forbearance_options |
Available under certain conditions
|
| gptkbp:funding |
gptkb:federal_government
|
| https://www.w3.org/2000/01/rdf-schema#label |
Federal Direct Unsubsidized Loan Program
|
| gptkbp:impact_on_credit_history |
Reported to credit bureaus
|
| gptkbp:interest_rate_adjustment |
May change annually
|
| gptkbp:interest_rate_type |
Fixed interest rate
|
| gptkbp:investment |
Starts immediately after disbursement
|
| gptkbp:is_available_in |
Graduate Students
Undergraduate Students |
| gptkbp:loan_application_assistance |
Available through financial aid offices
|
| gptkbp:loan_application_deadline |
Varies by school
|
| gptkbp:loan_borrowing_limitations |
Subject to federal regulations
|
| gptkbp:loan_default |
Can lead to wage garnishment
|
| gptkbp:loan_default_prevention |
Education on repayment options available
|
| gptkbp:loan_disbursement_schedule |
Typically disbursed at the beginning of the semester
|
| gptkbp:loan_discharge_conditions |
Certain conditions may allow discharge
|
| gptkbp:loan_eligibility_criteria |
Must be enrolled at least half-time
|
| gptkbp:loan_eligibility_for_dependent_students |
Based on parent's financial information
|
| gptkbp:loan_eligibility_for_independent_students |
Based on student's financial information
|
| gptkbp:loan_eligibility_verification |
School verifies eligibility
|
| gptkbp:loan_fees |
Origination fee applies
|
| gptkbp:loan_grace_period |
6 months after leaving school
|
| gptkbp:loan_impact_on_credit_score |
Timely payments improve credit score
|
| gptkbp:loan_impact_on_future_loans |
May affect future borrowing capacity
|
| gptkbp:loan_impact_on_tax_returns |
Interest may be tax-deductible
|
| gptkbp:loan_interest_calculation |
Based on the amount borrowed
|
| gptkbp:loan_interest_payment |
Borrowers are responsible for interest payments
|
| gptkbp:loan_interest_rate_cap |
Set by federal law
|
| gptkbp:loan_interest_rate_comparison |
Compare with private loans for better rates
|
| gptkbp:loan_interest_rate_disclosure |
Required to disclose rates to borrowers
|
| gptkbp:loan_interest_rate_history |
Rates may vary by year
|
| gptkbp:loan_payment_schedule |
Monthly payments after grace period
|
| gptkbp:loan_renewal |
Requires reapplication each year
|
| gptkbp:loan_repayment_assistance |
Programs available for assistance
|
| gptkbp:loan_repayment_options |
Flexible repayment options available
|
| gptkbp:loan_repayment_options_availability |
Varies by borrower circumstances
|
| gptkbp:loan_repayment_timeline |
Typically 10 years for standard repayment
|
| gptkbp:loan_servicing_contact |
Contact servicer for questions
|
| gptkbp:payment_methods |
6 months after graduation
Online, mail, or automatic debit Standard, Graduated, Income-driven |
| gptkbp:provides |
gptkb:financial_assistance
|
| gptkbp:repayment_start_date |
After graduation or dropping below half-time
|
| gptkbp:requires |
FAFSA application
|
| gptkbp:throws |
Available under certain conditions
|
| gptkbp:bfsParent |
gptkb:Sidney_Kimmel_Medical_College
|
| gptkbp:bfsLayer |
5
|