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Federal Direct Loan Interest Rates and Fees Interest Rates for Direct Loans First Disbursed on or After July 1, 2020, and Before July 1, 2021. Loan Type Borrower Type Fixed Interest Rate Direct Subsidized Loans and Direct Unsubsidized Loans Undergraduate 2.75% Direct Unsubsidized Loans Graduate or Professional 4.30% Direct PLUS Loans Parents and Graduate or Professional Students 5.30% mUosv istuaentaia eoviunaerstana-aid jtypes !loans Iinterest-rates#what-are-the-interest ra es for federal student loans Cal Grant Cal Grant is a California -specific financial aid program administered by the California Student Aid Commission (CSAC). In August 2020, Pacific College was approved to access CSAC programs. Cal Grant applicants must apply by submitting the Free Application for Student Aid (FAFSA) before the deadline of March 2nd and meet all eligibility, financial, and minimum GPA requirements. There are three ]rinds of Cal Grants — A, B, and C — but you do not have to figure out which one to apply for. Your eligibility will be based on your FAFSA responses, verified Cal Grant GPA, and select Pacific College (03299300) on your FAFSA application. The California Student Aid Commission (CSAC) will determine applicant and program eligibility. Cal Grant A To receive a Cal Grant A, students must be working toward a bachelor's degree. Other eligibility requirements are: • Available to low and middle income students • Must have a minimum 3.00 high school GPA • May be used for a program that is at least two academic years in length resulting in an associate or baccalaureate degree of 48 semester units or the equivalent • Can only be used for tuition and fees • Disbursement Amount by Semester - Fall/Spring I Winter/Summer (before July 1) Units Enrolled Per Semester Annual Award Amount Award Amount Per Semester 12 or More Units $8056 $4028 9-11.5 Units $6042 $3021 6 - 8.5 Units $4028 $2014 Less than 6 Units No award No award Pacific College 2020-2021 Catalog 25