Federal Direct Student Loans

Standard packaged loan amounts:

First Year








The loan source(s) will vary depending upon the student's federal and institutional eligibility. 

 Financial Aid is not available for the BLS Program at this time



  • Subsidized (need based)
    • Loan principal is deferred and the government pays the interest on the loan while you are enrolled at least half-time.
  • Unsubsidized (non-need based)
    • Loan principal may be deferred but interest accrues.  If you choose to defer interest, it will be added to the principal of the loan.

Interest Rate & Repayment

  • Undergraduate loans: 3.73% for subsidized and unsubsidized loans after July 1, 2021
  • Graduate loans: 5.28% for unsubsidized loans after July 1, 2021
  • Fixed interest rate
  • Loans disbursed for the first time after October 1, 2021: fees of 1.057% are deducted from the loan
  • Standard ten-year repayment begins six months after graduation, or ceasing to be enrolled at least half-time.  Other repayment options (including Income Contingent/Income-Based/Pay as You Earn) may be available through the servicing agent. 
  • Deferments are granted while you are in college and for graduate or professional study or for economic hardship as defined by the Department of Education.

Maximum Loan Amounts (Subsidized and Unsubsidized)

  • First Year: $5,500
  • Sophomore: $6,500
  • Junior: $7,500
  • Senior: $7,500
  • Graduate Students: $20,500

If a parent is denied the Direct PLUS loan, a student is eligible to borrow additional unsubsidized Direct loan:  $4,000 freshman and sophomore years; $5,000 junior and senior years.


  • All first-time borrowers will need to complete a Loan Entrance Interview and Direct Master Promissory Note. Both steps can be completed by visiting www.studentaid.gov.


Federal Direct Loan Disclosure Statement