Tulane participates within the Direct Loan Program. The government that is federal the U.S. Department of Education is the loan provider when it comes to Direct Loan Program. Federal Direct Subsidized and Unsubsidized Loans can be obtained to qualified pupils that are enrolled at the very least half-time (in line with the requirements for full-time in each unit) and whom meet all the other eligibility requirements.
Eligible students that are undergraduate have monetary need could be provided a Direct Subsidized Loan, on which no interest are going to be charged before payment starts (except through the elegance duration for loans made between July 1, 2012 and July 1, 2014) or during authorized periods of deferment. Interest is charged throughout the payment period for a Direct Subsidized Loan.
No matter financial need, qualified students may be eligible for a Direct Unsubsidized Loan. Interest from the Direct Unsubsidized Stafford Loan will start to accrue as soon as the loan is disbursed and stay capitalized to your major stability when the payment duration begins.
How do I get a primary loan?
Getting the Direct Subsidized or Unsubsidized Loan
Federal Direct loans for an year that is academic generally speaking disbursed in two equal installments.