The Federal Direct Loan—Subsidized is awarded to qualified students on the basis of financial need.
Accept the full or partial amount of this loan on Duckweb.
|Three term maximum|
|Freshman (0–44 credits)||$3,500|
|Sophomore (45–89 credits)||$4,500|
|Junior/Senior (90+ credits) and Postbaccalaureate||$5,500|
|In-school interest rate||0%|
|Interest rate||Fixed at 4.53% (2.75% as of 7/1/20)|
|Net fee per disbursement||1.059%|
|Grace period||Six months|
|Master Promissory Note (MPN)||Required|
|Aggregate borrowing limit||$23,000|
|Maximum eligibility timeframe||150% of academic program|
If you plan to stop attending the University of Oregon at least half time in an eligible program (whether due to graduating or a change in your enrollment status), read about loan repayment and related topics including exit counseling, grace periods, loan forgiveness, and consolidation.
There is a limit on the maximum period of time that a student can receive Direct Subsidized Loans. In general, a student may not receive Direct Subsidized Loans for more than 150% of the published length of their program. Students may also lose their interest subsidy if they continue to be enrolled in any undergraduate program after receiving receiving Direct Subsidized Loans for their maximum eligibility period. More details surrounding time limitation on Direct Subsidized Loan eligibility for first-time borrowers on or after July 1, 2013 can be found on this webpage.
*NOTE: If you received a Direct Subsidized Loan that was first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.