A loan is a legal obligation that you will be responsible for repaying with interest. If you plan to take out a student loan, we encourage you to be a responsible borrower by following these tips:
The U.S. Department of Education releases official cohort default rates once per year. A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1st to September 30th, and default or meet other specified conditions prior to the end of the second following fiscal year. The FY 2020 national cohort default rate is 0%. Please refer to the chart below for 快色视频’s most recent cohort default rates.
|
OPE ID |
School |
Type |
Control |
PRGMS |
|
FY2020 |
FY2019 |
FY2018 |
|
|
|
Master's Degree or Doctor's Degree |
|
|
Default Rate |
0 |
0.5 |
4.3 |
|
|
|
|
|
No. in Default |
0 |
25 |
194 |
|
|
No. in Repay |
4138 |
4181 |
44419 |
|||||
|
|
|
|
|
|||||
|
003581 |
快色视频 4400 Martin Luther King Parkway BEAUMONT TX 77710- 0042 |
Public |
Both (FFEL/F DL) |
Enrollment figures |
21,621 |
19,727 |
19,508 |
|
|
|
|
|
|
Percentage Calculation |
19.14% |
21.19% |
22.65% |
Source: Federal Student Aid,
The Department of Education (ED) is your lender for all Federal Direct Student Loans. These are low-interest loans that must be repaid at a future date, usually beginning six months after you graduate, leave school, or are no longer enrolled as a Half-Time student. For more information regarding repayment, please visit https:// studentaid./. ED charges an origination fee of the total amount borrowed per loan. This means the money you receive will be less than the amount you borrow. You're responsible for repaying the entire amount you borrowed plus any interest accrued, and not just the amount you received. The interest rate varies depending on the loan type and for most federal student loans, the first disbursement date. Current interest rates are available for viewing at . Listed below are the different types of Direct Loans you may receive while attending 快色视频:
These loans may be used for education-related expenses such as tuition, fees, books, living costs, transportation, etc. You must be enrolled at least Half-Time to receive a disbursement of these funds.
Before borrowing a federal student loan, you must complete entrance counseling to ensure you understand the responsibilities and obligations you are assuming. You may complete this counseling at https://studentaid.gov/. In addition to entrance counseling, you are also required to sign a Master Promissory Note (MPN). This is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department
of Education. It also explains the terms and conditions of your loan(s). You must complete the entrance counseling and sign the MPN before you receive a loan payment.
If you receive a federal student loan payment, you will be required to complete exit counseling once you graduate or stop attending at least Half-Time. Exit Counseling provides vital information to prepare you to repay your federal student loan(s).
Federal Direct Subsidized Loan - This loan is available to undergraduate students with financial need. ED pays the interest on this loan while you are enrolled in school at least Half-Time. Repayment on this loan begins six months after you graduate, leave school, or drop below Half-Time enrollment.
How to Apply
Award Amount
The amount you are awarded will depend on:
Disbursement Requirements
How and When your Loans Disburse
Your loan will disburse no earlier than 10 days before your scheduled enrollment begins. Loans are typically disbursed once a semester, however if you are enrolled in the accelerated on-line program or receiving a loan for only one semester, you will receive two disbursements within the semester. The first, no more than 10 days prior to your first class day, and the second half-way through the semester.
Federal Direct Un-Subsidized Loan - This loan is not based on financial need and may be awarded to both undergraduate and graduate students.
Interest will accrue (accumulate) on this loan from the time it is first paid out. You can pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount you have to repay because you will be charged interest on a higher principal amount. Repayment on this loan begins six months after you graduate, leave school, or drop below Half-Time enrollment.
How to Apply
Eligibility Requirements
Your loan will disburse no earlier than 10 days before your scheduled enrollment begins. Loans are typically
disbursed once a semester, however if you are enrolled in the accelerated on-line program or receiving a loan for only one semester, you will receive two disbursements within the semester. The first, no more than 10 days prior to your first day of class, and the second half-way through the semester.
Federal Direct Parent PLUS Loan - Parents of dependent students may apply for a Direct Parent PLUS Loan (application is online at to help pay their child's education expenses as long as certain eligibility requirements are met. Information about repayment can be found at https://studentaid.gov/understand-aid/types/loans/plus/parent.
How to Apply
Student Eligibility Requirements
Parent Eligibility Requirements
Award Amount
Student Aid) minus all other financial assistance the student receives.
Disbursement Requirements
This loan will disburse no earlier than 10 days before your scheduled enrollment begins. Loans are typically disbursed once a semester, however if you are enrolled in the accelerated on-line program or receiving a loan for only one semester, you will receive two disbursements within the semester. The first, no more than 10 days prior to your first day of class, and the second half-way through the semester.
* If your parent is unable to borrow Direct PLUS Loans due to adverse credit or other exceptional circumstances, you may receive additional Direct Unsubsidized Loan funds up to the same amount that is available to independent undergraduate students. The increased loan amounts may not substitute entirely for the amount a parent may borrow under the PLUS program. To request these additional funds, email financialaid@lamar.edu.
Federal Direct Graduate Plus Loan - The Graduate PLUS Loan is available to graduate and professional students to help pay for education expenses up to the Cost of Attendance minus all other financial assistance.
You do not have to start making payments until six months after you graduate, leave school, or drop below Half- Time enrollment. During any period when you are not required to make payments, interest will accrue on your loan. You may choose to pay the accrued interest or allow the interest to be capitalized when you must start making payments. Your loan servicer will notify you when your first payment is due.
How to Apply
Eligibility Requirements
Award Amount
Disbursement Requirements
How and When the Loan will Disburse
This loan will disburse no earlier than 10 days before your scheduled enrollment begins. Loans are typically disbursed once a semester, however if you are enrolled in the accelerated on-line program or receiving a loan for only one semester, you will receive two disbursements within the semester. The first, no more than 10 days prior to your first day of class, and the second half-way through the semester.
Yearly and Aggregate Federal Direct Loan Amounts
Alternative Loans - Private student loans provided by banks, credit unions, and other lenders can help bridge the gap between the student aid you have already received for college and the total Cost of Attendance. Alternative loans are available through private lenders and require a separate loan application.