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Federal Direct Subsidized/Unsubsidized Loans

Federal Direct subsidized and/or unsubsidized loans are awarded to help cover Cost of Attendance to eligible students. The Office of Financial Aid will determine the loan awards based on the FAFSA, year in college and other awarded aid. Loans require at least half-time enrollment (5 hours for graduate students, 6 hours for undergraduate students) in ALL terms enrolled: Fall, Spring, AND Summer. This enrollment requirement must be maintained through the end of the 100% refund period for each term.

Steps for Applying for a Subsidized/Unsubsidized Direct Loan

View Annual Maximum Loan Limits table below to see the total amount allowed within an academic year. When awarded a subsidized and unsubsidized loan, the subsidized loan must be accepted in order to get the unsubsidized loan.

Due to changes in the Federal regulations, beginning Fall 2012, graduate/professional students will no longer be offered subsidized loans. Annual loan limits have not changed, only the elimination of the subsidized loan eligibility.

  • Direct Subsidized Loans - Subsidized loans are need based loans where interest is not charged as long as the student is enrolled at least half-time. Student must fill out the Free Application for Federal Student Aid (FAFSA).

  • Direct Unsubsidized Loans - Unsubsidized loans are not need based and accrues interest while student is in school. The student can pay the interest while in school which will help reduce the amount owed at the end. Student must fill out the Free Application for Federal Student Aid (FAFSA).

NOTE: All first-time borrowers must complete a Master Promissory Note (MPN)
and Entrance Counseling. These can be completed by visiting StudentLoans.gov.

Lifetime Loan Limits (Subsidized and Unsubsidized):

Dependent

- $31,000 lifetime. Max of $23,000 Subsidized.

Independent

- $57,500 lifetime. Max of $23,000 Subsidized.

Graduate

- $138,500 lifetime.

Annual Maximum Loan Limits:

Dependent Students Maximum Annual Amount:

Freshman

$5,500

- no more than $3,500 can be Subsidized

Sophomore

$6,500

- no more than $4,500 can be Subsidized

Junior/Senior

$7,500

- no more than $5,500 can be Subsidized

*Students with a Denied PLUS loan may be eligible for additional unsubsidized loan.

Independent Students Maximum Annual Amount:

Freshman

$9,500

- no more than $3,500 can be Subsidized

Sophomore

$10,500

- no more than $4,500 can be Subsidized

Junior/Senior

$12,500

- no more than $5,500 can be Subsidized

Graduate Students Maximum Annual Amount:

Graduate

$20,500

- Unsubsidized