The federal Direct loan is the most widely-used loan for college students and is available to both graduate and undergraduate students. There are two types of federal Direct loans and your eligibility for both is determined using your financial aid application.
Direct subsidized loans are interest-free while you are enrolled in college at least half-time.
Direct unsubsidized loans accrue interest while you are enrolled. You can choose to pay the interest each month while in school, or allow the interest to accumulate.
Borrowing limits for each academic year depend on your class level:
$5,500 Freshmen (maximum $3,500 may be subsidized)
$6,500 Sophomores (maximum $4,500 may be subsidized)
$7,500 Juniors/Seniors (maximum $5,500 may be subsidized)
$20,500 Graduate Students—Unsubsidized
Interest rates and fees for 2015–2016
Direct subsidized:
0% interest rate while you are enrolled at least half-time and during your six-month grace period
4.29% interest rate during your repayment period
1.073% origination fee will be deducted from each disbursement (1.068% if the first disbursement date is on or after 10/1/2015)
All full-time students, including visiting/exchange students, must have health insurance that meets University Insurance Criteria. Students can enroll in the University-sponsored insurance plan or they can waive the insurance if their plan meets University criteria. Requests to waive the University-sponsored insurance may be audited to verify coverage. International-based insurance plans often do not meet University criteria. See "Insurance with an International-based Company" below for more information.
Health Insurance Enrollment/Waiver Insurance Process: Every year all full-time students, whether new or returning, must document their health insurance coverage by completing the online Health Insurance Enrollment/Waiver insurance Process during the appropriate open enrollment period. Students who enroll in the Aetna Student Health Insurance Plan are enrolled on the plan from August 1 through July 31 (January 31 if graduating in December). Students enrolling on the University-sponsored insurance plan may enroll eligible dependents. The same deadlines apply.
Failure to complete the online process during the appropriate open enrollment period will result in automatic enrollment in the University-sponsored Aetna Student Health Insurance Plan for the full year (i.e., August 1 through July 31). Enrolling in this way is highly discouraged since it could lead to a delay in access to care during the first two months of the plan. Students will not be allowed to disenroll from the insurance plan during the plan year..
Open Enrollment Periods:
Fall Open Enrollment – June 1 – September 15. Students who will be full-time in the fall semester must complete the online Health Insurance Enrollment/Waiver Process during the fall open enrollment period. Students who are beginning their full-time studies before August 1 need to complete the enrollment/waiver process in two steps. See the note below.
Winter Open Enrollment – November 9 – January 31. Students who begin their full-time studies in January must complete the online Health Insurance Process during the winter open enrollment period. Access to the online insurance process is limited to students who are beginning full-time studies in January or who are returning to full-time status in January (i.e., return from study abroad). Students will see two charges on their tuition billing statement. The first charge will be for the month of January, and the second charge will be for February 1 through July 31.
NOTE: Study Abroad Students who are returning to campus in January after studying abroad in the fall semester must complete the online Health Insurance Enrollment/Waiver Process during the Winter Open Enrollment period (November 9 through January 30). The link is in the blue box near the top of this page.
NOTE: Students who are beginning full-time studies before August 1 must complete the Health Insurance Enrollment/Waiver process in two steps. Completing both steps is necessary to assure continuation of your coverage decision from the start of your program through the academic year. Step 1 covers the beginning of your program through July 31. Step 2 covers the academic year (August 1 through July 31). Click here for instructions.
Student Health Plan - Fees
The fees for the mandatory health fee and health insurance for 2015-2016 are:
Mandatory Health Fee – – $528
Aetna Student Health Insurance – $2,460
Spouses of enrolled students – $2,460
Dependent children of enrolled students – $2,460 for one child; $4,920 for two or more children
Coverage begins on August 1st and continues through July 31st. Students who have insurance coverage that meets University Insurance Criteria can waive the health insurance fee. All full-time students must complete the online Health Insurance Enrollment/Waiver Process during the appropriate open enrollment period.
About the Student Health Plan
Carolina’s vibrant people and programs attest to the University’s long-standing place among leaders in higher education since it was chartered in 1789 and opened its doors for students in 1795 as the nation’s first public university. Situated in the beautiful college town of Chapel Hill, N.C., UNC has earned a reputation as one of the best universities in the world. Carolina prides itself on a strong, diverse student body, academic opportunities not found anywhere else, and a value unmatched by any public university in the nation.
UNC-Chapel Hill, the nation’s first public university, is a global higher education leader known for innovative teaching, research and public service. A member of the prestigious Association of American Universities, Carolina regularly ranks as the best value for academic quality in U.S. public higher education.
Now in its third century, the University offers 78 bachelor’s, 112 master’s, 68 doctorate and seven professional degree programs through 14 schools and the College of Arts and Sciences. More than 29,000 undergraduate, graduate and professional students learn from a faculty of 3,600. Every day, faculty, staff and students shape their teaching, research and public service to meet North Carolina’s most pressing needs in all 100 counties. Carolina’s 292,500 alumni live in all 50 states and more than 150 countries
The University of North Carolina at Chapel Hill is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award baccalaureate, master’s, doctoral, and professional degrees and certificates. For more information about the accreditation status of UNC-Chapel Hill contact:
Southern Association of Colleges and Schools Commission on Colleges
1866 Southern Lane
Decatur, Georgia 30033-4097
Telephone number 404-679-4501
www.sacscoc.org
Please contact the Commission only in relation to the University’s compliance with accreditation requirements. Normal inquiries about admission requirements, educational programs, and financial aid should be directed to the University.
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