Loans are funds borrowed that a student and/or parent will be required to be pay back with interest.  The William D Ford Direct Loan Program utilizes Subsidized and Unsubsidized Loans to assist students and families with their educational expenses.  Below you will find information for a better understanding of the Direct Loan program.
Am I eligible for loans? add

STUDENTS:

  • Must submit a Free Application for Federal Student Aid (FAFSA) to determine eligibility.  If you have not submitted your FAFSA, click here.
  • Must be a US Citizen or eligible noncitizen
  • Must be enrolled in 6 credit hours in an eligible program.
  • Must maintain a minimum 2.0 GPA and 67% completion rate.  See Satisfactory Academic Progress for more information.
  • CANNOT be in Default on any previous students.

 

PARENTS:

  • Your dependent student must have submitted a Free Application for Federal Student Aid (FAFSA)
  • Must be a US Citizen or eligible noncitizen
  • Must be the biological parent, adoptive parent or in some cases a step-parent. 
  • The student must be considered a dependent on the FAFSA.
  • The student must be enrolled in 6 credit hours.
  • Parents must request the Direct PLUS Loan at StudentLoans.gov
  • If parents are eligible for the Direct PLUS Loan, then you will be required to complete a Direct PLUS Loan Master Promissory Note (MPN)