Federal Direct Loans are available to all students who file the Free Application for Federal Student Aid (FAFSA) who are enrolled at least half-time. The maximum Direct Loan amount for which the student is eligible is reflected on the financial aid award letter.
What kinds of Direct Loans are available?
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 >>
How much can I borrow?
Loan amounts are subject to change. Visit Federal Student Aid for the most current information.
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 accept 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 >>