141 Central Avenue
Keuka Park, New York 14478
(315) 279-5000
Keuka Park, New York 14478
(315) 279-5000
A federal Direct loan is a guaranteed student loan available to students attending Keuka College at least half time. Federal Direct loans have a low, fixed interest rate and deferred payments while the student is in school. The annual federal Direct loan limits for the 2011-2012 academic year are as follows:
| 0-25 credits | $5,500 (up to $3,500 subsidized) |
| 26-54 credits | $6,500 (up to $4,500 subsidized) |
| 55-83 credits | $7,500 (up to $5,500 subsidized) |
| 84 + credits | $7,500 (up to $5,500 subsidized) |
| 0-25 credits | $9,500 (up to $3,500 subsidized) |
| 26-54 credits | $10,500 (up to $4,500 subsidized) |
| 55-83 credits | $12,500 (up to $5,500 subsidized) |
| 84 + credits | $12,500 (up to $5,500 subsidized) |
| Graduate | $20,500 (all unsubsidized) |
* Eligible credits are determined by the Office of the Registrar
| Subsidized Base Amount | Total (subsidized and unsubsidized) | |
| Dependent Undergraduates | $23,000 | $31,000 |
| Independent Undergrads & Dependent Undergrads without access to Parent PLUS | $23,000 | $57,500 |
| Graduate and Professional Students | $65,000 | $138,500 |
There are two types of Federal Direct Loans: subsidized loans are need-based, and the government pays the interest on these loans while you are in school, during a six-month grace period immediately preceding repayment, and during authorized deferment. The interest rate for subsidized direct loans for the 2012-2013 year is fixed at 3.4%.
Unsubsidized loans accrue interest while you are in school. The interest rate for 2012-2013 unsubsidized direct loans is fixed at 6.8%.
Apply Online: Students will need to complete an e-MPN online at StudentLoans.gov in order for Keuka College to receive funding for this loan.
First-time borrowers of Stafford Loans must also complete an entrance seminar.