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32 Federal Loans All student loan borrowers are encouraged to educate themselves on proper loan management prior to applying for loans. Students should consider all aspects of debt management prior to borrowing including, but not limited to: (1) average anticipated salaries, (2) recommended debt-to-income ratios, (3) estimated monthly payments, (4) various repayment plan options. Though our office will advocate for the use of student loans in order to help meet any unmet financial need, we encourage all students to borrow cautiously. Borrowers are encouraged to regularly check their federal student loan balances at https://nslds.ed.gov/nslds/nslds_SA/ to ensure up-to-date awareness and accuracy of their loan details. Direct Unsubsidized Loans Direct Unsubsidized Loans are the primary federal loan type currently available for graduate-level students. The interest rate is a variable-fixed rate; the rate is tied to national financial markets and is recalculated each summer based on current rates. The current rate at the time a loan is taken out will be locked in for the life of that loan. For up-to-date interest rate information, visit https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#interest-rates. The $20,500 annual limit for Direct Unsubsidized Loans remains unchanged. Additional details including interest rates, payment options, and other applicable details can be found here: https://studentaid.ed.gov/sa/types/loans https://studentaid.ed.gov/sa/types/loans. Federal Work Study Federal Work study is a need-based form of federal financial aid. Students must file a FAFSA for eligibility to be determined. Students must also complete a Work Study Eligibility Form through the financial aid office by visiting our Forms Library. Once completed the student will bring the eligibility form to interviews on campus. Departments will advertise their available work study positions. All these steps are outlined at: https://denverseminary.edu/admissions/financial-aid/work-study/). Available off-campus non work study positions are advertised on the Seminary's job board at http://www.denverseminary.edu/resources/job-board/. Veterans Benefit/Military Benefits Denver Seminary works with the Department of Veterans Affairs and the Department of Defense to ensure that eligible recipients of veterans educational benefits obtain the assistance available, including, but not limited to, the following programs: Post-9/11 GI Bill, Montgomery GI Bill, Vocational Rehabilitation, Tuition Assistance. GI Bill® 2 Students must have completed all necessary paperwork through the VA prior to requesting that Denver Seminary certify their GI Bill benefits. Please see the Department of Veteran Affairs website at: https://studentaid.ed.gov/sa/types/loans. Students must submit two additional documents to the financial aid office prior to any enrollment certification: a copy of their Certificate of Eligibility (showing the program the student is eligible for as well as the percentage of and remaining eligibility) and a completed Post-911 GI Bill payment contract. The payment contract form can be obtained from your campus' school certifying official. Copies of everything that is submitted by a student or sent to the VA Office will be kept in the student file.