Subsidized Direct Loan
Effective as of March 26, 2015, the Subsidized Direct Loan information has been updated.
Federal Subsidized Direct loans are available to students with financial need. Students may borrow up to $3,500 for their first academic year, $4,500 for the second academic year, and $5,500 for the third and fourth academic years, at a fixed interest rate which is established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov. The interest is paid by the federal government while students are in school. Interest begins accruing at the time students cease full-time enrollment or fail to carry at least one-half the normal full-time University workload. Regular payments begin six months after students cease enrollment or fail to carry at least one-half the normal full-time University workload.