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Federal Student Loan Programs

The amount you may borrow through the Federal Direct Loan program is indicated on your offer letter. You must have a valid FAFSA on file and meet eligibility requirements to be offered a Federal Direct Loan. 

Frequently Asked Questions

Direct Subsidized Loan (undergraduates only)

  • Based on financial need
  • 4.99% fixed interest rate on loans disbursed on or after July 1, 2022
  • 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. 
  • View now for 2022-23

Direct Unsubsidized Loan 

  • 4.99% (6.54% for Graduate Students) fixed interest rate on loans disbursed on or after July 1, 2022
  • 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. 
  • View now for 2022-23


Graduate PLUS Loan - for graduate/professional students
Parent PLUS Loan- for parents of dependent undergraduates

Mid-Year Grade Level Change
Annual loan limits are based on a student's year in school. Once a student moves from a 1st year to a 2nd year, they may be eligible for up to an additional $1,000 in federal loans. The same goes for a 2nd year moving to a 3rd year student. If, after the end of the fall term, you believe you have earned enough credits to progress to a new grade level and annual loan limit and would like to request additional loan funds, please contact the student loan coordinator in the financial aid office. The student loan coordinator will review your credits to determine if you are eligible for additional federal loan funds. 

* Origination fees change annually on October 1st. For loans originated prior to 10/1/20 loan fee is 1.059%