Melisa Christensen

Big Picture Loan

What’s the interest that is current for direct unsubsidized loans received by undergraduate pupils?

Big Picture Loan

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What’s the interest that is current for direct unsubsidized loans received by undergraduate pupils?

Cameron University will be involved in the William D. Ford Direct Loan system beginning July 1, 2010. Pupils and parents whom formerly received loans through the Federal Family Education Loan (FFEL) Program will borrow through the now Direct Loan Program. The Direct Loan Program supplies the exact same forms of loans whilst the FFEL Program and Direct Loans generally speaking have a similar conditions and terms as FFEL Program loans, but instead of the bank lending the amount of money, the U.S. Department of Education (The Department) lends the amount of money straight to pupils and parents through the student’s college.

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