State and Federal Financial Aid
Federal Direct Subsidized and Unsubsidized Loans
- Criteria: Must file FAFSA and complete additional loan requirements.
- Repayment: Loan repayment can be deferred until six months after student graduates or drops below half-time enrollment.
Federal Direct SUBSIDIZED Loans – For undergraduate students with financial need. The U.S. Department of Education generally pays the interest while a student is in school at least half time and during certain other periods. Interest rate varies from year to year but is fixed for the life of the loan. Interest does not begin accruing until a student graduates or drops below half-time attendance.
Federal Direct UNSUBSIDIZED Loans – For undergraduate and graduate or professional students; non-need based. Interest begins accruing as soon as the loan is disbursed, and the borrower is responsible for all interest. Interest rate varies from year to year but is fixed for the life of the loan
Maximum Total Award Amounts per Year, based on eligibility:
Undergraduate, Dependent Students:
- Freshman (1–29 credit hours): up to $5,500 (maximum $3,500 in subsidized loans)
- Sophomore (30–59 credit hours): up to $6,500 (maximum $4,500 in subsidized loans)
- Junior/Senior (60+ credit hours): up to $7,500 (maximum $5,500 in subsidized loans)
Undergraduate, Independent Students
- Freshmen (1–29 credit hours): up to $5,500 (maximum $3,500 in subsidized loans)
- Sophomore (30–59 credit hours): up to $6,500 (maximum $4,500 in subsidized loans)
- Junior/Senior (60+ credit hours): up to $7,500 (maximum $5,500 in subsidized loans)
Graduate/Professional Students: $20,500 (unsubsidized only)
Subsidized and Unsubsidized Aggregate Loan Limits
- Undergraduate, Dependent Students: $31,000 (maximum $23,000 may be in subsidized loans)
- Undergraduate, Independent Students: $57,500 (maximum $23,000 may be in subsidized loans)
- Graduate/Professional Students: $138,500 (maximum $65,500 may be in subsidized loans). The graduate/professional aggregate limit includes all federal loans received for undergraduate study.
Additional Loan Information
Use your FSA ID to log in to studentaid.gov for additional loan information.
Program Information
This is for parents of dependent undergraduate students and for graduate or professional students. The borrower is responsible for all interest. The student must be enrolled at least half-time. Financial need is not required. The borrower must not have an adverse credit history. Interest rate varies by year. For more information, click here.Award Amount Per Year
Maximum amount is cost of attendance minus any other financial aid received. Criteria: Based on credit after the FAFSA is filed. studentaid.gov – Use your student FSA ID.FastChoice
This tool allows current and prospective students the ability to search for and request the loan that is right for them by providing detailed information for various loans, as well as the terms and benefits offered by different lenders. We encourage all students to investigate federal loan options first before making a decision.
