Austin Peay participates in the William D. Ford Federal Direct Loan Program. For steps on applying for and accepting loans, we recommend reviewing our financial aid process.
2016-2017 Direct Loan Interest Rates
|Loan Interest Rates by Disbursement Dates|
|Loan Type||First Disbursed between July 1, 2016 and June 30, 2017|
|Direct Subsidized Loans (Undergraduate Students)|
Fixed at 3.76%
|Direct Unsubsidized Loans (Undergraduate Students)||Fixed at 3.76%|
|Direct Unsubsidized Loans (Graduate or Professional Students||Fixed at 5.31%|
|Direct PLUS Loans (Parents and Graduate or Professional Students)||Fixed at 6.31%|
|Perkins Loans (Undergraduate and Graduate or Professional Students)||Fixed at 5.00%|
You may also review additional Direct Loan interest rate information.
Undergraduate students enrolling at the Main or Fort Campbell campus must be enrolled in at least 6 credit hours to be eligible for student loans. Graduate students must enroll in at least 3 graduate level hours for summer and at least 4 graduate level hours for all other semesters.
Graduate and Professional Students
Subsidized Loan Limitation
|Program Length||Limitation on Subsidized Loan Eligibility|
|4-Year Bachelor's Degree||6 Years of Subsidized loan eligibility|
|2-Year Associates Degree||3 Years of Subsidized loan eligibility|
Loan Borrowing Limits
|Dependent||Maximum Subsidized||Additional Unsubsidized||Combined Subsidized and Unsubsidized|
|Independent||Maximum Subsidized||Additional Unsubsidized||Combined Subsidized and Unsubsidized|
Aggregate loan limits for Direct Subsidized and Unsubsidized Loans
|Maximum Subsidized||Additional Unsubsidized||Combined Subsidized and Unsubsidized|
|Graduate (This includes Undergraduate Amount)||$0||$138,500||$138,500|
Your aggregate loan limits include both Direct Subsidized and Unsubsidized Loans and any Subsidized and Unsubsidized Federal Stafford Loans received through the Federal Family Education Loan Program (FFELP).