Federal Direct Loan

Required Forms

FAFSA, Entrance Counseling, Master Promissory Note.

Amount

Varies, depending on unmet need and grade level.

Requirements & Criteria

Required Credits

Students must enroll in a minimum of 6 credit hours per term to be eligible.

Criteria

Students must maintain Financial Aid Satisfactory Academic Progress and not have met their aggregate (life-time) borrowing limit.

Renewal Criteria

Students must complete the FAFSA each academic year.

Additional Information

Direct loans are administered through the Federal Direct Lending program . Repayment with 6.8% interest begins upon completion of degree or if student ceases to enroll at least half time in a degree seeking program. Visit the Department of Education's website for complete details.