- Direct Stafford - Subsidized - If students meet certain financial need criteria based upon FASFA information, the federal government will pay the interest on their loan while they attend school at least half time or during times when they qualify for an authorized deferment.
- Direct Stafford- Unsubsidized - If students do not meet the financial need criteria to qualify for a subsidized loan, they still can apply for an unsubsidized loan. Students are responsible for paying the interest while they are in school.
- Direct Plus Loans-Are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.
There is a loan fee on all Direct Subsidized and Unsubsidized Loans. The loan fee is a percentage of the amount of each loan you receive. For loans first disbursed on or after July 1, 2010, the loan origination fee is 1.0%. Direct Loans will deduct the loan origination fee proportionately from each loan disbursement. The specific loan origination fee that you are charged will be reflected in a disclosure statement that we send to you.
Federal Direct Loan Limits
Undergraduate Federal Direct loan limits are determined by student class standing and dependency status. See the chart under the "Loan Limits" tab that represents the maximum available per academic year. However, the individual student's loans may be less, depending on the cost of the student's program, estimated family contribution, and other financial aid awarded.