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Pupil and Parent Loans. Are you experiencing loans?

Pupil and Parent Loans. Are you experiencing loans?

Should you choose, you’ll want to look after a few things, like signing your Electronic Master Promissory Note or going right on through on line Loan Entrance Counseling. As these are expected, you need to care for them at the earliest opportunity. You are able to do both by simply clicking the hyperlink below.

Direct Lending

Northern Kentucky University happens to be a direct loan company since 2010 and participates within the William D. Ford Direct Loan Program. Direct lending is when qualified pupils and parents borrow straight from the government that is federal. Direct Loans consist of Direct Subsidized and Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans. You repay these loans right to the U.S. Department of Education.

Annually Aggregate Loan Limits

Dependent Student* Subsidized** Unsubsidized Total
Freshman (1-29 hours) $3,500 $2,000 $5,500
Sophomore (30-59 hours) $4,500 $2,000 $6,500
Junior (60-89 hours) $5,500 $2,000 $7,500
Senior (90+ hours) $5,500 $2,000 $7,500
Independent Student* Subsidized** Unsubsidized Total
Freshman (1-29 hours) $3,500 $6,000 $9,500
Sophomore (30-59 hours) $4,500 $6,000 $10,500
Junior (60-89 hours) $5,500 $7,000 $12,500
Senior (90+ hours) $5,500 $7,000 $12,500
Lifetime Aggregate Limit Subsidized** Complete
Dependent* $23,000 $31,000
Independent* $23,000 $57,500
Graduate $65,500 $138,500

**Subsidized loans derive from need that can differ from pupil to student.