Federal and Private Loans

Subsidized Federal Direct Loan

The Subsidized Federal Direct Loan is available to students who demonstrate a financial need, who are enrolled at least half time and are pursuing a degree, and who have not exceeded the 150% program length. Subsidized loans are awarded in limited amounts, which correspond with a student’s year in school. The interest of a Subsidized Federal Direct Loan is paid by the Federal Government while a student is attending school.

Unsubsidized Federal Direct Loan

The Unsubsidized Federal Direct Loan is available to students who are enrolled at least half time. There is no financial need taken into account for this loan; students of all income levels may take out an Unsubsidized Federal Direct Loan. Students who are classified as Independent may request and accept an Unsubsidized Loan without having to apply for the PLUS loan. The Unsubsidized Federal Direct Loan does have yearly monetary limitations that correspond with a student’s year in school. The interest on an Unsubsidized Federal Direct Loan will accumulate while a student is attending school.*

Federal PLUS Loan

The Federal PLUS Loan is available to all graduate students and parents of dependent students. Students must be enrolled at least half time to qualify for the PLUS loan. The PLUS loan does not have a specific monetary limit, but the amount is limited to the cost of education minus any financial aid that is offered.

*In order for a dependent student to receive the independent level of Unsubsidized Federal Direct Loan award, a parent must apply for and be denied for the PLUS loan.*