<p>I have declined an unsubsidized loan from my university but am considering accepting the subsidized. I was wondering how do I find what the interest rate will be and if it will be a fixed or variable rate. Here are the details for the loan from my FA package:
Direct Sub Stafford Loan Offered<br>
Fall -$2,015.00
Spring -$2,014.00
Total -$4,029.00</p>
<p>Thanks for your help!</p>
<p>It is fixed rate, 3.4%.</p>
<p>What year are you in school?</p>
<p>This will be my second year in August. I will technically be considered a Junior with 34 credits from AP and 40 credits from Freshmen year (and this summer).</p>
<p>I was just checking because the sub amount is higher than the freshman limit - sometimes students will put the wrong info on the FAFSA & will get an award letter with sub loan that is higher than they are allowed to borrow based on their actual year in school. You are fine, though, since your sub award does not exceed your year in school sub max.</p>
<p>Thanks for that! You always think of everything!</p>