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Click here
for new Direct Loan information.
Direct Loans are
available to all students enrolled in a degree program who are
U.S. citizens or eligible non-citizens. The maximum loan amounts
for an academic year are $5,500 for first-year undergraduates, $6,500 for
second-year undergraduates, $7,500 for third- and fourth-year
undergraduates, and $20,500 for
graduate students enrolled in at least six hours of
graduate-level course work. Students considered independent of
parental support for financial aid purposes or whose parents
cannot borrow PLUS are eligible for
additional amounts.
Regardless of a family’s ability to pay college costs, any
degree-seeking student who is a U.S. citizen or an eligible
non-citizen may be eligible to receive a federal student loan.
For students with financial need determined by the
FAFSA, a portion of the
loan is
subsidized,
which means the federal government pays the interest while the
student is enrolled at least half-time. Students who do not have
financial need are awarded unsubsidized loans. The student is
responsible for interest that accrues on unsubsidized loans.
Financial aid award packages state
whether a loan is subsidized or unsubsidized.
For more
information, please visit the
Direct Loan Servicing Online Web Site.
For questions on your Direct Loan,
please see the
Question Center.
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