Federal Direct Loans

Direct Loans are low-interest loans for students, and parents of dependent students, to help pay for the cost of a student's education after high school. Students must be registered for at least six credit hours in order to be eligible for the Federal Direct Loan Program, which is administered by the U.S. Department of Education. 

The maximum amount students can borrow each year in Direct Subsidized and Unsubsidized Loans depends on their year in school, and on whether they are dependent or independent students. For more information, visit studentaid.gov

Interest Rates and Fees

Interest rates are typically released in June. For information on these interest rates, please visit StudentAid.gov

Due to federal sequestration, we expect loan fees to change each October. Federal student loan interest rates are determined each spring based on an index rate plus an add-on (Bipartisan Student Loan Certainty Act of 2013).

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