Freshmen can borrow up to ,500; sophomores ,500; and third-year students and beyond can borrow up to ,500 in subsidized loans.
The Direct Consolidation loan is a fixed-interest loan with flexible options, based on your ability to repay.
There is no fee to consolidate, though you can only do it once.
PLUS loans, originally called Parent Loans for Undergraduate Students, were created so parents could help fund their children’s educations.
Now, parents may take out Parent PLUS loans and graduate students may use Grad PLUS loans.
If your loan is subsidized, you won’t be responsible for making any payments until after you graduate.