Federal Direct Loans are available to all students who file the Free Application for Federal Student Aid (FAFSA) and are enrolled at least half-time.
Direct Loans are either Subsidized or Unsubsidized. You can receive a combination of both loan types, not exceeding the maximum annual loan limit. Learn More >>
- Awarded on the basis of financial need. No interest is charged before you begin repayment. The federal government “subsidizes” the interest during periods of enrollment.
- Not awarded on the basis of need. Interest is charged from the time the loan is disbursed until it is paid in full. As the interest accumulates, it will be capitalized; meaning the interest will be added to the principal amount of the loan and additional interest will then be based upon the higher amount.
How much can I borrow?
The maximum Direct Loan amount the student is eligible for is reflected on the financial aid award letter. Loan amounts are subject to change. Visit Federal Student Aid for the most current information.
Dependent Undergraduate Students
Independent Undergraduate Students OR, Dependent Students Whose Parents are Denied PLUS Loans
Aggregate Loan Limits
Dependent Undergraduate Students: $31,000 - No more than $23,000 of this amount can be in Subsidized Loans.
Independent Undergraduate Students OR, Dependent Students Whose Parents are Denied PLUS Loans: $57,500 - No more than $23,000 of this amount can be in Subsidized Loans.
Interest Rates and Loan Fees
Current interest rates and loan origination fees can be found on the Federal Student Aid website.
Once you have completed the steps to receive your Direct Loan(s), the U.S. Department of Education will pay you through your school. Your loan will be disbursed in at least two equal installments. Loans will not be disbursed prior to the first week of classes.
You have the right to cancel all or part of your Direct Loan(s) disbursement each semester. Submit a request to the Financial Aid Office within 14 days from the date you receive the email notification from our office that the loan has been disbursed.
After you graduate, leave school, or drop below half-time enrollment, you have six months before you begin repayment. There are many options available to you for repaying your federal student loans. Learn More >>
Track How Much You’ve Borrowed
The National Student Loan Database System (NSLDS) is accessible at nslds.ed.gov and provides detail on what kind of loans you have borrowed, the amounts of those loans, and provides you with your loan servicer’s name and contact information.
Note: NSLDS tracks the loans you’ve borrowed at their original amounts, not including any interest that has accumulated. Contact your servicer for a current update on accumulated interest and how it affects your loan balance.