Federal Direct Loan

ApTester
Thu, 31 May 2012 04:31:21 +0000

Hi, I had a question about the federal direct loans I am receiving for the 2012-2013 school year.

I am eligible for a Federal Direct Subsidized loan for the 2012-2013 school year and saw that the interest rate jumped from 3.4% to 6.8% if the disbursement occurs AFTER July 1,2012.

Can I accept my federal direct subsidized loan now and have it disburse before that deadline and get the interest rate at 3.4%?

Furthermore, if I repay these loans before I graduate, does interest still accrual on it?