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Direct Loans
The Direct Loan Program is one of the Federal Student Aid (FSA) programs provided by the Department of Education that provides students with a way to borrow money to pay for education after high school. | Learn More.
If you are a first time Federal Direct Loan borrower you must sign a Master Promissory Note and complete an Entrance Counseling tutorial/quiz.
- The William D. Ford Federal Direct Loan Program
- PLUS Loans (Direct Loans for Parents)
- The PLUS Loan Parent Data Form
- Graduate PLUS Loan Form
- Loan deferment and forbearance policies (for students who need additional time to repay their loans)
- Direct Loan consolidation
Direct Loan Limits
| Annual Limits | ||||
|---|---|---|---|---|
| Credit Hours | Subsidized | Additional Unsubsidized | Total (Subsidized & Unsubsidized) | |
| Dependent Undergraduates | ||||
| First Year | 0-29 | $3,500 | $2,000 | $5,500 |
| Second Year | 30-59 | $4,500 | $2,000 | $6,500 |
| Third Year and Beyond | 60+ | $5,500 | $2,000 | $7,500 |
| Independent Undergraduates | ||||
| First Year | $3,500 | $6,000 | $9,500 | |
| Second Year | $4,500 | $6,000 | $10,500 | |
| Third Year and Beyond | $5,500 | $7,000 | $12,500 | |
| Graduate and Professional Students* | $8,500 | $12,000 | $20,500 | |
* Full time Medical, Dental and Pharmacy students may be eligible for up to $20,000 in additional unsubsidized loans.
- All undergraduate loan limits are subject to proration
- If the borrower does not have financial need for a Subsidized Loan using expected family contribution (EFC), or has reached the aggregate limit in Subsidized Loans, the borrower may receive up to this entire amount in Unsubsidized Loans assuming he/she has remaining eligibility for the loan.
Last updated: Friday, 06-Nov-2009 08:39:29 EST
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