Federal student loans for college or career school are an investment in your future.

When a student borrows a federal student loan (Subsidized or Unsubsidized Direct Loan), it is different than nearly all loans:

  • No credit check
  • No co-signer

You are eligible if you are an eligible student who is accepted in an eligible program and enrolled at least half-time (6 credits for undergraduates, 4 credits for graduate students) at an eligible university.

If you are offered a federal student loan in your award offer by the Office of Financial Aid & Scholarships, you will meet these requirements.  You won't need to worry about a credit check or finding a co-signer.



  • INTEREST RATES FOR 2019-2020

    Federal Direct Loans for Students

    • Interest rate for Subsidized and Unsubsidized Direct Loans is a variable fixed 4.529% undergraduate students
    • Interest rate for Unsubsidized Direct Loans is a variable fixed 6.079% for graduate and professional students
  • Federal Direct Parent Loans (PLUS)

    Parents are able to borrow on behalf of their dependent student through a credit-based loan from the Direct Loan Program.

    • Interest rate is a variable fixed rate of 7.079%
    • FAFSA must be completed by parent and student
    • Student must be half-time and making academic progress
    • PLUS Loans cannot be accepted online and must begin the process by completing the Direct Loan Parent PLUS application
    • Parents borrowing on behalf a their student must complete a Master Promissory Note after approval at studentloans.gov
    • Parents who are declined may seek an endorser or their student may borrow additional unsubsidized loan funds up to his/her grade level limit
  • Federal Direct Graduate PLUS

    Graduate and professional students who need additional funds beyond the graduate loan limitations are able to borrow a credit-based loan through the Direct Loan Graduate PLUS Program

    • Interest rate is a variable fixed rate of 7.079%
    • Student is required to complete the FAFSA
    • Student must be half-time and making academic progress
    • Begin the process by completing the Graduate PLUS Application Form
    • Students borrowing for the first time in the Graduate PLUS Loan Program must complete a Master Promissory Note (MPN) at studentloans.gov
  • Alternative or Private Loans

    Alternative or private loans can be used to supplement federal student loans or when a student is ineligible for federal student loans.  These loans require credit-worthiness and cannot be consolidated with federal student loans.

  • Student Loan Acceptance and Processing Tips

First Time Borrowers

The Direct Loan Program requires students to complete Entrance Loan Counseling (allow 40 minutes) and a Master Promissory Note (MPN) at studentloans.gov using your FSA ID to enter the secured area.

Office of Financial Aid & Scholarships

University Center (UC)
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