Federal Direct Loans
The Direct Loan program is provided and administered by the Federal government, U.S. Department of Education. Student loan borrowing cannot exceed the cost of attendance, nor may you borrow over the annual and lifetime aggregates that are set for the Direct Loan. The Department of Education assesses an origination fee on each loan upon disbursement. The type of loan you are offered is based upon the results of the FAFSA.
Types of Loans:
Direct Subsidized Loan (Subsidized)
Direct Unsubsidized Loan (Unsubsidized)
Federal William D. Ford (Direct) PLUS Loan
Federal William D. Ford (Direct) Graduate PLUS Loan
Processing Steps for your Direct Subsidized and Unsubsidized Loan: Click Here
Processing Steps for your PLUS and GradPLUS Loan: Click Here
Interest Rates
| Loan Type | Interest Rate |
| Undergraduate Unsubsidized Direct Loan | 6.8% |
| Undergraduate Subsidized Direct Loan | 5.6% on or after July 1, 2009 and before July 1, 2010 4.5% on or after July 1, 2010 and before July 1, 2011 3.4% on or after July 1, 2011 and before July 1, 2012 6.8% on or after July 1, 2012 |
| Graduate Unsubsidized Direct Loan | 6.8% |
Other Important Direct Loan Information:
Direct Loan Limits
Direct Loan FAQ
Loan Exit Counseling
This page was last updated on: June 12, 2012