#federal education loans
Federal Direct Loan Program
By completing a financial aid application, you will be considered for the Federal Direct Loan Program. There are two types of Federal Direct Stafford Loans: the Federal Direct Subsidized Loan (available to undergraduates only), and the Federal Direct Unsubsidized Loan (available to both undergraduates and graduates). Students must meet all federal eligibility requirements to qualify for consideration.
Federal Subsidized Direct Loan (undergraduates only): Your eligibility for the Direct Subsidized Loan is based on your financial need and your undergraduate academic level. Repayment is deferred until six months after you graduate or cease to be enrolled at least half-time, and the government pays the interest while you are enrolled in school. Federal Subsidized Direct Loan maximums vary according to academic level and dependency status. In addition, there are lifetime loan limits. For more information, click on the Undergraduate tab below.
Federal Direct Student Loan interest rates are determined each spring for new loans being made for the upcoming award year (defined as July 1 through June 30). Each loan will have a fixed interest rate for the life of the loan. You can find more information about current federal student loan interest rates at Federal Student Aid
There is an origination fee deducted from your loan before you receive the funds. For information about current origination fees, please visit Federal Student Aid
If you are a first-time Federal Direct Stafford Loan borrower, you must complete an electronic Master Promissory Note (eMPN) and complete electronic Pre-Loan Entrance Counseling before you can receive funds.
The maximum Federal Direct Stafford Loan amounts available vary according to academic level and dependency status. Please see the tables below for more information.
Dependent Undergraduate Students