Loans

View and Accept Your Award

Federal Student Loan Programs

The amount you may borrow through the Federal Direct Loan program is indicated on your award letter. You must have a valid FAFSA on file and meet eligibility requirements to be offered a Federal Direct Loan. 
For answers to commonly asked questions regarding loans, please see Student Loan FAQ

Direct Subsidized Loan

  • Based on financial need
  • 3.73% fixed interest rate on loans disbursed on or after July 1, 2021
  • Interest-free while enrolled at least half-time
  • Repayment begins six months after student is no longer enrolled at least half-time
  • 1.057% origination fee*
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Accept Now for 2021-22

Direct Unsubsidized Loan

  • 3.73% (5.28% for Graduate Students) fixed interest rate on loans disbursed on or after July 1, 2021
  • Interest accrues while student is enrolled. (Student is encouraged but not required to pay interest while in school.)
  • Repayment begins six months after student is no longer enrolled at least half-time
  • 1.057% origination fee*
  • Loan is typically disbursed in roughly one week after everything is completed, and school has started. 
  • Accept Now for 2021-22
* Origination fees change annually on October 1st. For loans originated prior to 10/1/20 loan fee is 1.059%