There’s two forms of loans readily available for qualified pupils through the William D. Ford Federal Direct Loan Program: subsidized and unsubsidized. To meet the requirements to get these loans, you need to be enrolled in six credit hours that count toward your degree at Seminole State university.
First-Time BorrowersFor first-time borrowers (student borrowers whom now have no outstanding loan balances) who possess attemped credits totaling 150 per cent or higher of these program size, any brand new loans disbursed on or after July 1, 2013 will likely to be unsubsidized loans just. As soon as a first-time debtor reaches the 150 % limitation, eligibility for the interest subsidy stops for many Direct Loans being disbursed on or after July 1, 2013. […]