The 2020 - 2021 How to Pay for College Booklets are available for ordering at our www.fundmyfuture.info site.
Can't wait to have copies delivered? Check out the e-booklet in English or Spanish.
R. Preston Woodruff Scholarship
ASLA provides several $1000 scholarships each year to incoming and current college students in Arkansas. Each year, one of the scholarships drawn will be renewable for up to 4 years!
Don’t Ignore Debt – Repayment Options
Borrowers have a variety of repayment options to discuss with their lenders to help manage student loan debt and prevent loans going into default. We are here to help you.
- Visit Repayment Options for more information and links to forms.
- Call 800-443-6030 to speak to one of our Client Relations Specialists who can assist you with understanding your options.
- Send us an email at if you would like for us to contact you.
Federal Direct Loans: 2020 – 2021 Interest Rates
Loan Type |
Fixed Interest Rate |
Subsidized Stafford
Undergraduate Students |
2.75% |
Unsubsidized Stafford
Undergraduate Students |
2.75% |
Unsubsidized Stafford
Graduate and Professional Students |
4.30% |
Parent PLUS
Graduate PLUS |
5.30% |
This table is an overview. Details regarding loan interest rates, how rates are determined and additional information are available at Interest Rates for Federal Loans.
Federal Direct Loans: Annual Loan Limits
First Year
Dependent Undergraduate |
$5,500 - No more than $3,500 of this amount may be in subsidized loans
|
Independent Undergraduate1 |
$9,5001 - No more than $3,500 of this amount may be in subsidized loans |
Second Year
Dependent Undergraduate |
$6,500 - No more than $4,500 of this amount may be in
subsidized loans
|
Independent Undergraduate1 |
$10,5001 - No more than $4,500 of this amount may be in
subsidized loans |
Third and Beyond ~ Each Year
Dependent Undergraduate |
$7,500 - No more than $5,500 of this amount may be in subsidized loans
|
Independent Undergraduate1 |
$12,5001 - No more than $5,500 of this amount may be in subsidized loans |
Professional & Graduate Students
Subsidized Stafford |
No longer eligible after July 1, 2012
|
Unsubsidized Stafford |
$20,500 |
Parent PLUS & GradPLUS Loans (Parents of Dependent undergraduate students and graduate or professional students borrowing for themselves.)
Cost of education less any other financial aid awarded |
This table is an overview of Federal Direct Loan Annual Limits. Visit Federal Direct Loans for more information.
1 Includes dependent students whose parents cannot borrow a PLUS loan.