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Student Loans

Direct Student Loans

Student loans can be either subsidized or unsubsidized. Subsidized loan eligibility is determined based on need and FAFSA information. The federal government pays the interest on a subsidized loan while a student is enrolled at least halftime (6 or more credit hours) or during a grace period. Unsubsidized loans are not based on need and interest accrues once it is disbursed.

A student loan cannot exceed the cost of attendance or the established borrowing limits. Please view the Loan Confirmation Form for these limits (see below for instructions on accessing this form).

There is an origination fee on each student loan. The current fee is 1.057% (subject to change) and it is deducted from each disbursement. The origination fee and current interest rate are provided in a disclosure statement each borrower receives after the first loan disbursement. 

To be eligible to borrow a Direct Student Loan you MUST meet all of the following:

  • Must be enrolled at least halftime (6 or more credit hours) in courses that are required for the declared program
  • Must be meeting SAP requirements
  • Must not be in default on other student loans
  • Must have valid FAFSA on file

To confirm acceptance of a student loan please do the following:

  • Complete the Loan Confirmation Form found on the My Financial Aid tile in the student portal, under the General links section of the Home tab.
  • Complete Entrance Counseling online at: under 'Loans and Grants' and then 'Loan Entrance Counseling'.
  • Complete a Master Promissory Note online at: under 'Loans and Grants' and then 'Master Promissory Note (MPN)'.