Undergraduate Federal Direct Loans

Federal Direct Loans are low-interest loans available to degree-seeking students enrolled at least half-time. The lender is the U.S. Department of Education, authorized under the William D. Ford Federal Direct Loan Program. An origination fee will be deducted from each disbursement by the U.S. Department of Education. Federal Stafford Loans may be subsidized or unsubsidized, depending upon your eligibility for need-based aid.

Subsidized loans require demonstration of financial need as determined by the information on the FAFSA. You do not pay interest on the loan if you continue to be enrolled at least half-time. Once you graduate or withdraw, payments and interest begin to accrue after a six-month grace period.

Unsubsidized loans are not based on need, although you must file the FAFSA to be considered. Interest will be charged from the time the loan is disbursed to you until it is paid in full. You can choose to pay the interest while you are in school or allow it to accumulate. However, allowing it to accumulate will increase the total amount you have to repay. Interest is capitalized once at repayment.

Visit Federal Student Aid for more information on Direct Loans. See the Instructions for Applying.