For Direct Subsidized Loans issued after July 1, 2012, interest will not be paid by the government during the 6-month grace period after you leave school.



Not all schools participate in this lending program, so it is important to consult with your financial aid office for availability.Once your grant eligibility is exhausted, the government might offer you long-term low-interest loans to help meet your remaining college financial obligations.These funds were once called Stafford Loans, but the program is now referred to as the William D. The Direct Loan Program issues two distinct types of loans, those that are subsidized by the Federal Government, and those that are not.Graduate students may each borrow up to ,000 yearly, and up to ,000 over the course of their education.The fixed interest rate for Perkins Loans is currently 5%.