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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Dr. Robert Watson is a guest commentator on WPTV Newschannel 5
Dr. Watson on NBC ... shout out to Lynn!
Robert Watson, faculty member
Incoming student, Cash Kennedy, thanked Lynn for his great admission visit
Thanks for such a great visit! Excited to return as a freshman.
Cash Kennedy, parent
Over 90 students and employees attended this year's Arts and Science Student Symposium
Over 90 students and employees attended this year's Arts and Science Student Symposium
Cassandra Korte, faculty member
Student reviews the Arts and Science Student Symposium brochure
Over 90 students, faculty, and staff attended this year's Arts and Science Student Symposium making it a great success!
Cassandra Korte, faculty member
Incoming student shows off his Letter of Intent for Lynn University Baseball
Signing my Commitment letter to be a Fighting Knights baseball player 2018-2022
Nicholas Schmidt, student
Students and Dr. Watson pose with former U.S. Vice President Dick Cheney on stage at the Wold Performing Arts Center
Lynn students meet former U.S. Vice President Dick Cheney and his wife/author Lynne Cheney.
Robert Watson, faculty member

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