For subsidized loans disbursed between July 1, 2020 and June 30, 2021, the interest rate is 2.75%. Interest does not accrue while you are in school at least half-time and for six months after graduation/dropping below half-time.
Amounts are based on your year in school, dependency status (determined by the FAFSA), and financial need. Amounts listed are annual maximum amounts-you may be awarded less. When the loan is posted to your account, the government keeps a small portion (about 1%) for loan processing.
View MyAid Dashboard for your specific loan eligibility.