Federal Direct Stafford Loans (Subsidized and Unsubsidized)
Atlanta Technical university participates when you look at the William D. Ford Direct Loan Program (Direct Loans). Federal loans are lent funds that you need to repay with interest. Federal student education loans enables pupils and their moms and dads to borrow cash to simply help purchase university through loan programs sustained by the government. They usually have low interest and provide repayment that is flexible, advantages, and choices.
Effective Fall 2016: All Federal Direct Loans would be disbursed in (2) equal payments each semester for students who will be registered in Term 1 and/or Term 2 courses. Following the disbursement has taken place, Atlanta Technical College Fiscal Affairs workplace has as much as 14 company times to issue refunds.
Spring 2020 Disbursement Schedule
Disbursement 1: (Refunds will likely be granted 14 business times after disbursement date)
January 22, 2020
Disbursement 2: (Refunds may be released 14 company times after disbursement date)
February 3, 2020
First-year, very first time Borrowers:
February 4, 2020
All first-year, first-time undergraduate borrowers have to wait 1 month following the day that is first of enrollment duration (semester, trimester, etc. ) for the very very first disbursement (Refunds should be issued 14 company times after disbursement date).
Accountable Loan Borrowing
Direct Subsidized Loan
Direct Subsidized Loans are for undergraduate students just effective July 1, 2012 with economic need. Pupils aren’t charged interest while enrolled at the very least half-time and during elegance durations and deferment durations. After graduation, leave school, or fall below half-time enrollment, pupils have some time before you start payment. This “grace period” would be half a year both for loans.
Direct Unsubsidized Loan
Direct Unsubsidized loans are for graduate and students that are undergraduate.