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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Graduation time
I graduated last May with an MBA degree in concentration in Human Resources
Magalie Nsibula, student
Summer fun with Robert Reich
Summer fun in Boca
Dr. Bob Reich, faculty member
Leecy Barnett at the Scotish border on her  tour of England, Wales & Scotland.
At the Scottish border on my tour of England, Wales & Scotland.
Leecy Barnett, staff member
Dr. Bob back in the saddle
Back in the Saddle
Dr Bob, faculty member
Greek Week lip sync
Members of Theta Phi Alpha, a women's fraternity, pose after preforming in the Lip Sync during Greek Week in April 2018!
Jessica Fitzpatrick, staff member
International student dinner
International Student Dinner
Magalie Nsibula, student

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