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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Two week adventure through Andalucía, south of Spain, Morocco, Gibraltar and beyond!
Two week adventure through Andalucía, south of Spain, Morocco, Gibraltar and beyond!
Ana María Paula Siliquini , staff member
Ana Siliquini in Madrid
La Puerta de Alcalá, Madrid España!
Ana María Paula Siliquini , staff member
Felicia Besan at the Aspen Music Festival with Conservatory students Kayla Williams and Niki Khabazvahed
At the Aspen Music Festival with Conservatory students Kayla Williams and Niki Khabazvahed
Felicia Besan, staff member
Felicia Besan traveling with Lynn blue bear
Traveling Lynn blue bear
Felicia Besan, staff member
Felcia Besan at Independence Pass view (Colorado)
Independence Pass view (Colorado)
Felicia Besan, staff member
Faith Thomas, Xiara Del Valle, & Erina McWilliam-Lopez from the Social Impact Lab.
Faith Thomas, Xiara Del Valle, & Erina McWilliam-Lopez from the Social Impact Lab visiting a Rwandan social enterprise
Erina McWilliam-Lopez, staff member

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