1. Topic 2 of 6 Loan Types 1 ©2014 Mapping Your Future, Inc.

2. Direct Subsidized Loan Need-basedAt least half-time enrollment to qualify3.86% interest rate for loans disbursed 7/1/13-6/30/14No interest accrues while in school and during defermentInterest does accrue during grace period and forbearanceRepayment starts after six-month grace period 2 ©2014 Mapping Your Future, Inc.

3. Direct Unsubsidized Loan Not need-basedAt least half-time enrollment to qualify3.86% interest rate for undergraduate loans disbursed 7/1/13-6/30/145.41% interest rate for graduate loans disbursed 7/1/13-6/30/14Interest begins accruing immediately after loan is disbursedRepayment begins six months no longer enrolled at least half time 3 ©2014 Mapping Your Future, Inc.

4. Annual Loan Limits Dependent Undergraduates 1st year total $5,500 (maximum $3,500 subsidized) 2nd year total $6,500 (maximum $4,500 subsidized) 3rd year & beyond total (each year) $7,500 (maximum $5,500 subsidized) 4 ©2014 Mapping Your Future, Inc.

5. Independent Undergraduates 1st year total $9,500 (maximum $3,500 subsidized) 2nd year total $10,500 (maximum $4,500 subsidized) 3rd year & beyond total (each year) $12,500 (maximum $5,500 subsidized) Annual Loan Limits These limits also apply to dependent undergraduates whose parents don’t qualify for a Direct PLUS loan. 5 ©2014 Mapping Your Future, Inc.

6. Graduate and Professional Students Total amount (each year) $20,500 (unsubsidized only) Annual Loan Limits 6 ©2014 Mapping Your Future, Inc.

7. Additional Loan Eligibility Information Students in health professions programs may be eligible for higher unsubsidized limitsCoursework that is not part of an eligible program has different loan limitsYou may have to pay loan fees, which will be deducted from the loan amount New borrowers on or after July 1, 2013 may not receive Direct Subsidized Loans for more than 150 percent of the published length of the educational program. 7 ©2014 Mapping Your Future, Inc.

8. 150% Rule Example: A student enrolled in a 4 year Bachelor’s program cannot borrow Direct Subsidized Loans for more than 6 years. 4 year program 150%6 years 8 ©2014 Mapping Your Future, Inc.

9. Aggregate Loan Limits Dependent undergraduates $31,000 (maximum $23,000 subsidized) Independent undergraduates/students whose parents are unable to borrow a PLUS loan $57,500 (maximum $23,000 subsidized) Graduate and professional students $138,500 (maximum $65,500 subsidized; includes Stafford and Direct Loans received for undergraduate study) 9 ©2014 Mapping Your Future, Inc.