Federal Direct Loans

Interest Rates

  • 4.66% Fixed Subsidized (undergraduate)
  • 4.66% Fixed Unsubsidized (undergraduate)
  • 6.21% Fixed Unsubsidized(graduate)


Student must be enrolled at least half-time in a degree-granting program. (6 credit hours for undergraduate students; 5 credit hours for graduate students). Student must complete the FAFSA process, Entrance Counseling and a Master Promissory Note.

Note: Students who are enrolled in an Associate’s Degree program may not receive more than the sophomore level loan amount, regardless of the number of earned credit hours they have earned.


Direct Loan Basics

Direct Loan Consolidation

Federal Loan Problem Resolution

National Student Loan Data (NSLDS)




Loan Requirements

Direct Loan Entrance Counseling

Direct Loan Exit Counseling

Direct Loan MPN

Loan Repayment

Federal Loan Repayment

Federal Student Aid Loan Servicers


Direct loans are automatically awarded to admitted students who complete the FAFSA process each academic year.

Students who need loans to pay their educational expenses are encouraged to accept their federal subsidized and unsubsidized loans before turning to alternative loan resources. The federal loans have  advantages that private loans do not have once the student enters repayment, including forbearance options, flexible repayment plans and in some cases loan forgiveness options.

The Direct Loan deadline for each semester is the Friday before examination week. The deadline applies to students who file a FAFSA late in the semester or for students who did not accept all of their offered loans when initially awarded.

Federal Direct Subsidized Loans:

  • Do not accrue interest while the student is enrolled at least half time.
  • Undergraduate students only
  • Are need-based as determined by the FAFSA.
  • Interest rates for loans disbursed after July 1, 2014:
    • 4.66% fixed
    • 1.073% Loan Origination Fee
  • Time Limitation on Direct Subsidized Loan Eligibility

Federal Direct Unsubsidized Loans:

  • Accrue interest at a low fixed interest rate immediately after the loan has disbursed.
  • Are not need-based.
  • Interest rates for loans disbursed after July 1, 2014:
    • Undergraduate Students - 4.66% Fixed
    • Graduate Students - 6.21% Fixed
    • 1.073% Loan Origination Fee


Dependent Students

Class Subsidized   Unsubsidized Total
Freshman 3500 + 2000 5500
Sophomore 4500 + 2000 6500
Junior 5500 + 2000 7500
Senior 5500 + 2000 7500
Graduate N/A + N/A N/A

Independent Students

Class Subsidized   Unsubsidized Total
Freshman 3500 + 6000 9500
Sophomore 4500 + 6000 10500
Junior 5500 + 7000 12500
Senior 5500 + 7000 12500
Graduate N/A + 20500 20500

Lifetime Limits

Dependency Subsidized   Unsubsidized Total
Dependent 23000 + 8000 31000
Independent 23000 + 34500 57500
Graduate N/A + 138500 138500