Federal Direct Loan (Subsidized)

A Federal Direct loan is available to students who demonstrate financial need. Award amounts are based on grade level, dependency status and budget.

The maximum amounts are: $3,500 for a first-year undergraduate student, $4,500 for a second-year student and $5,500 for a third or fourth-year student. Subsidized loans first disbursed on or after July 1, 2013, have an interest rate of 3.86% for undergraduate students. There is a 1.072% origination fee charged by the federal government on Federal Direct Subsidized loans. The federal government pays the interest on the loan as long as the student is enrolled at least half-time. Eligibility is based on other sources of financial aid received and a parental contribution factor. Students and parents will borrow directly from the U.S. Department of Education. For Federal Loans, students must apply no later than a week before the end of the current term for the term they are seeking aid.

Need-based aid: Yes

Award Amount

$3,500–$5,500

Eligibility

This aid is for new, returning, transfer, day, evening, part-time, full-time, freshman, sophomore, junior and senior students. 

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A box full of bottle caps for Caps of Love
The Marketing team proudly supports our students by collecting bottle caps that help buy prosthetics for children.
Stephanie Brown, staff member
Comfort Bag 2018
College of Arts and Science made 500 Comfort Cases for the children in foster homes.
Charlotte Jerdak, staff member
Shaila Jensen's husband kisses her cheek
My husband and me
Shaila Jensen, student
Dan Green at city council meeting
Dan Green - Lemoyne Council - Elected 2015
Daniel Green, alumni
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Jean Lamy, student
Lynn University employee Morgan O'Sullivan and NYC skyline
A pre-Christmas visit to NYC
Morgan O'Sullivan, staff member

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