Federal Direct Loan Comparison Chart

Title	Eligibility	Amount	Interest Rate	Lender/Length of Repayment
Federal Direct Graduate PLUS Loan	Student must be admitted into a graduate level program. IMPORTANT NOTE: A credit check is conducted by the U.S. Department of Education to establish eligibility. The student borrower cannot have an adverse credit history. Meet minimum eligibility requirements listed below.	The annual limit cannot exceed UNTD Cost of Attendance minus the other financial aid the student receives.	The current interest rate is 7.08 percent. All interest rates and fees are valid only from July 1, 2019 through June 30, 2020.	Between 10 and 30 years to repay, depending on the amount owed and repayment plan selected.
Federal Direct PLUS (Parent) Loan	To apply, the parent borrower must log onto StudentLoans.gov to submit the Direct Parent PLUS Request. Detailed instructions for completing the Direct Parent PLUS Request are available here. IMPORTANT NOTE: A credit check is conducted by the U.S. Department of Education to establish eligibility. The parent borrower cannot have an adverse credit history. Parents and their dependent child must be U.S. citizens or eligible noncitizens. Meet minimum eligibility requirements listed below.	The annual limit cannot exceed UNTD Cost of Attendance minus the other financial aid the student receives.	The current interest rate is 7.08 percent. All interest rates and fees are valid only from July 1, 2019 through June 30, 2020.	Between 10 and 30 years to repay, depending on the amount owed and repayment plan selected.
Federal Direct Subsidized Loan	Have financial need, as determined by the Federal Processer based on the information reported on the FAFSA. Meet minimum eligibility requirements listed below.	Annual borrowing limits are based on the student's dependency status & year of study. More information can be found here.	The current interest rate is 4.53 percent. All interest rates and fees are valid only from July 1, 2019 through June 30, 2020.	Between 10 and 30 years to repay, depending on the amount owed and repayment plan selected.
Federal Direct Unsubsidized Loan	Meet minimum eligibility requirements listed below.	Annual borrowing limits are based on the student's dependency status & year of study. More information can be found here.	The interest rate for unsubsidized loans is 4.53 percent for undergraduate students and 6.08 percent for graduate students. All interest rates and fees are valid only from July 1, 2019 through June 30, 2020.	Between 10 and 30 years to repay, depending on the amount owed and repayment plan selected.

Below are the minimum eligbility requirements for Federal Direct Loans:

Student must have a completed FAFSA on file
Student must be meeting Satisfactory Academic Progress
Student must be enrolled at least half-time
Student must be a U.S. citizen, national, or eligible non-citizen
Male students must be registered with selective service

Below are the aggregate (total) limits for Direct Subsidized and Unsubsidized Loans:

$31,000 for dependent undergraduate students excluding those whose parents are unable to borrow a PLUS Loan (no more than $23,000 may be subsidized)
$57,500 for independent undergraduate students and dependent undergraduates whose parents are unable to borrow a PLUS loan (no more than $23,000 may be subsidized)
$138,500 for graduate or professional students (no more than $65,500 may be subsidized; includes loans for undergraduate study)

These aggregate limits include both Direct Subsidized and Unsubsidized Loans and any subsidized and unsubsidized Federal Stafford Loans received through the Federal Family Education Loan (FFEL) Program