Student Financial Services

Federal Direct Loan Program

Through Federal Direct Loans, funds are provided to students and their parents by the federal government. Student loans are borrowed money that must be repaid, with interest. Direct Loans include subsidized, unsubsidized, and PLUS loans. Subsidized loans do not accrue interest while a student is enrolled at least half-time in a degree-seeking program. Upon dropping below half-time enrollment, interest will begin to accrue. Interest begins accruing immediately on an Unsubsidized loan regardless of a student's enrollment status. The borrower repays these loans to the US Department of Education. To be eligible, the student must: 

  • be enrolled at least half time (6 credits per semester for Undergraduate and Law students);
  • be enrolled at least half time (3 credits per semester for Graduate students beginning in Summer 2019, 6 credits per semester for Graduate students prior to Summer 2019):
  • be admitted to a financial aid eligible degree program;
  • not be in default on a federal student loan;
  • be a US citizen or eligible non-citizen;
  • have a valid Social Security number;
  • be registered with Selective Service, if required; and
  • maintain satisfactory academic progress
  • New Requirement beginning in 2022-2023:  All Direct loan borrowers must complete the Annual Student Loan Acknowledgement (ASLA) each year


New Requirement beginning in 2022-2023
:  All Direct Loan Borrowers must complete the Annual Student Loan Acknowledgement (ASLA) each year before the federal loan funds will be released to the school.  This should become available in April 2022 at

"Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013."

Beginning with the 2013-2014 academic year, students who borrow a Federal Direct Subsidized Loan for the first time (defined as someone who has no outstanding balance on a FFELP or Direct Loan when receiving a Direct Loan) on or after July 1, 2013, will only be able to borrow up to 150% of the published length of the program of study.  The maximum period of Federal Direct Subsidized Loan eligibility for a 4-year bachelor's degree program is 6 years.  Additional information on the Federal Loan Programs is available at


Changes effective July 1, 2012

Federal Direct Subsidized Loan first disbursed on or after July 1, 2012 and before July 1, 2014 will not have a subsidized 6 month grace period.  Loans disbursed during this time period still have a 6 month grace period, however, interest will begin accruing immediately on the principal as soon as the student is no longer enrolled or has dropped below half-time enrollment.  

For further information and details on Direct Loans, and how to apply, please click the links below: