loans
Terms and conditions
Interest Rates
For undergraduate students borrowing under the Federal Direct Subsidized Student Loan Program where the first disbursement on the loan occurs on or after July 1, 2009 and before July 1, 2010, the interest rate is fixed at 5.6% in accordance with the College Cost Reduction and Access Act.
For graduate/professional students borrowing under the Federal Direct Subsidized Student Loans Program where the first disbursement on the loan occurs on or after July 1, 2009 and before July 1, 2010, the interest rate remains fixed at 6.8%.
For Federal Direct Unsubsidized Student Loans the interest rate remains fixed at 6.8% for all borrowers.
Origination Fee
For Federal Direct Subsidized/Unsubsidized Student Loans first disbursed on or after July 1, 2009 and before July 1, 2010, the Origination Fee is 2.0%.
Up-Front Interest Rebate
For Federal Direct Subsidized/Unsubsidized Student Loans, the up-front interest rebate continues to be 1.5% of the principal borrowed amount.
Repayment
Repayment on a Federal Direct Loan begins the day after your six month grace period has expired. Your grace period begins when you graduate, withdraw, or drop below half-time attendance.
If you borrow under the Federal Direct Loan Program, you must contact the Office of Student Financial Assistance if:
- You drop below half-time attendance.
- You withdraw from K-State.
- You stop attending all scheduled courses.
- You fail to enroll for any term.
- You have changed your expected date of graduation.
- You have changed your name, local address, permanent address, or e-mail address.