Federal Loans

Federal Direct Loan Program

If you meet all federal eligibility requirements​ and complete a financial aid application, you will be considered for the Federal Direct Loan Program. There are two types of Federal Direct Stafford Loans:

Federal Subsidized Direct Loan (undergraduates only): Your eligibility for the Direct Subsidized Loan is based on your financial need and your undergraduate academic level. Repayment is deferred until six months after you graduate or cease to be enrolled at least half time, and the government pays the interest while you are enrolled in school. Federal Subsidized Direct Loan maximums vary according to academic level and dependency status. In addition, there are lifetime loan limits.

Federal Unsubsidized Direct Loan (undergraduates and graduates): Your eligibility for the Federal Direct Unsubsidized Loan is not based on financial need. You may borrow the cost of education minus all other financial aid you receive up to the Direct Loan maximum for your academic level. The interest on the Direct Unsubsidized Loan accrues from the date of disbursement. You have two choices for paying interest:

  • Pay it while you are enrolled full time, or
  • Accrue the interest and it'll become part of the principal you will begin to owe six months after you graduate or cease to be enrolled at least half time.

Learn more

Explore requirements, interest rates and maximums for the Federal Direct Loan Program for:

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