But it's only awarded to students in serious financial need
Also known as a subsidized Stafford Loan, it is only awarded to undergraduate students who demonstrate serious financial need, as determined by the FAFSA. For direct subsidized loans taken out between July 1, 2019, and June 30, 2020, the interest rate is fixed at 4.53%. The total lifetime amount an undergraduate student can borrow in direct subsidized loans is $23,000. Visit Business Insider's homepage for more stories. Americans may collectively owe about $1.
Also known as a subsidized Stafford Loan, it is only awarded to undergraduate students who demonstrate serious financial need, as determined by the FAFSA. For direct subsidized loans taken out between July 1, 2019, and June 30, 2020, the interest rate is fixed at 4.53%. The total lifetime amount an undergraduate student can borrow in direct subsidized loans is $23,000. Visit Business Insider's homepage for more stories. Americans may collectively owe about $1.
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