Federal Direct Subsidized Stafford Loan

Lender	Federal Government
Interest Rate for Undergraduate Students	Fixed at 6.8% for loans received July 1, 2006 through June 30, 2008 Fixed at 6.0% for loans received July 1, 2008 through June 30, 2009 Fixed at 5.6% for loans received July 1, 2009 through June 30, 2010
Interest Rate for Graduate Students	Fixed at 6.8% for loans received after July 1, 2006
Interest-Free in School?	Yes
Loan Fees	2.5% (2% after July 1, 2008)
Interest Rebate	1.5%
Fees Less Rebate	1.0% (0.5% after July 1, 2008) Total withheld from loan
Annual Maximums	$3,500 - freshman $4,500 - sophomores $5,500 - juniors and seniors $8,500 - graduate & professional
Cumulative Maximums	$23,000 undergraduate $65,500 graduate (includes amount borrowed for undergraduate study)
Grace Period	6 months
Standard Repayment Period	To 10 years
Minimum Payments	$50/month
Other Information	Additional repayment options beyond the 10 years may be available