Undergraduate Loan Information

Federal Undergraduate Loan Information

For more detailed information, please click here to link to the Federal Student Aid site.
To review Private Loan information, please click here.

Federal Direct Subsidized Loan

Awards are available to undergraduate students with financial need, enrolled at least half-time in a degree-seeking program.

  • Annual award: up to $5,500 (depending on grade level - see chart below)
  • Interest rate: 5.05% fixed (disbursed after 6/1/18)

Federal Direct Unsubsidized Loan

Awards are available to undergraduate students enrolled at least half-time in a degree-seeking program.

  • Annual award: up to $12,500 (depending on dependency status and subsidized loan eligibility - see chart below)
  • Interest rate: 5.05% fixed (disbursed after 6/1/18)

Federal Stafford Annual Loan amounts* are:

  Dependent students Independent Students #
  Subsidized Unsubsidized Subsidized Unsubsidized
0-29 credits $3,500 $5,500 (less subsidized award) $3,500 $9,500 (less subsidized award)
30-59 credits $4,500 $6,500 (less subsidized award) $4,500 $10,500 (less subsidized award)
60+ credits $5,500 $7,500 (less subsidized award) $5,500 $12,500 (less subsidized award)
Aggregate (lifetime) loan limit $23,000 $31,000: including subsidized aid $23,000 $57,500: including subsidized aid

Note: if you change grade levels in the middle of an academic year, and become eligible for an additional $1,000 in aid, please contact us to review your financial aid.
*This reflects the maximum loan amount a student may receive in a single academic year. Depending on eligibility, the amount may be less.
# Also includes dependent undergrad students whose parents are unable to obtain a Parent Plus loan.

 

Federal Direct Parent PLUS Loan

Credit-based loan for parents of dependent students enrolled at least half-time.  

  • Annual award: up to Cost of Attendance (less any other aid received). 
  • Interest rate: 7.60% fixed (disbursed after 6/1/18)
  • To apply, go to studentloans.gov . The parent must sign in to apply.

 

 

 

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