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University Scholar Financial Assistance601 W. Lombard St.Suite 221Baltimore, MD 21201

FDLP/Direct Loans

The University participates within the Federal Direct Loan Program (FDLP). FDLP/Direct Loans are low-interest loans accessible to help pay for university costs.

With Direct Loans, pupils borrow straight through the authorities; their loan provider could be the Department of Education. The mortgage types (Subsidized, Unsubsidized, Grad PLUS and Parent PLUS) and quantities available are based on the pupil’s dependency grade and status level and they are dependant on the college.

To be viewed for the Federal Direct Stafford Loan, the pupil must meet up with the after conditions

Should be enrolled at the very least time that is a program ultimately causing a level

Should have completed a FAFSA

Must show need that is financial awarded a subsidized Federal Direct Stafford Loan

Interest Rates

The attention rates for the Federal Direct Loan Program are the following for loans disbursed between 1, 2019 and June 30, 2020 july:

Undergraduate Direct Subsidized and Unsubsidized (Stafford Loans): 4.53per cent

Graduate Direct Unsubsidized (Stafford Loans): 6.08per cent

PLUS (Graduate PLUS and Parent PLUS Loans): 7.08%

To find out more regarding student that is federal rates of interest https://title-max.com/payday-loans-or/, go to the Department of Education.

Demands

Entrance counseling: Entrance guidance allows you to realize the position about your loan(s). You must complete Direct Loan Entrance Counseling before your loan(s) will be processed if you are a new/first-time Direct Loan borrower at the University of Maryland, Baltimore. You may do this when you go to the FDLP/Direct Loan Entrance Counseling internet site by pressing here.

MPN: First-time Direct Loan borrowers during the University of Maryland must additionally submit a Master Promissory Note (MPN), which can be completed online at the Direct Loans Master Promissory Note web site by pressing right here.

Loan Limitations for Undergraduate Students

Loan Restrictions for Graduate Students/Professional Students: Legislation, Social Perform, Bodily Treatment, Pharmacy, MPH, MS, PhD, Post Doc. Dental

Loan Limitations for Professional Students: Medicine, M.D. level, Dentistry, DDS

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The University of Maryland, Baltimore may be the founding campus of this University System of Maryland. 620 W. Lexington St. , Baltimore , MD 21201 | 410-706-3100