Undergraduate Loans

To apply for Direct Subsidized/Unsubsidized loans you must first complete the FAFSA. Once you successfully file the FAFSA you will need to complete the Loan Entrance Counseling session and Master Promissory Note (MPN) to accept the loans in your financial aid offer. Instructions are located on the right-hand side!

To view your cumulative student loan history to date, including lender name(s) and contact information, login to https://studentaid.gov/ using your FSA ID and password.

Yearly Loan Limits
Class	Credit Hours	Dependent Student	Independent Student
Freshman	0 to 29	Up to $5,500	Up to $9,500
Sophomore	30 to 59	Up to $6,500	Up to $10,500
Junior	60 to 89	Up to $7,500	Up to $12,500
Senior	90+	Up to $7,500	Up to $12,500

The current interest rate for 2021-2022 is 3.73%. Please note that Direct Subsidized loans do not start to accrue interest until after a student’s six month grace period has expired.

The current origination fee for 2021-2022 is 1.057%. The origination fee is a percentage of your loan amount charged by the lender for the processing of your loan. The amount disbursed will be slightly lower than the amount you accept.

Lifetime Loan Limits
Dependency Status	Subsidized Loans	Unsubsidized Loans	Total
Dependent	$23,000	$8,000	$31,000
Independent	$23,000	$34,500	$57,500

Please note that these lifetime totals do not take into consideration any Parent PLUS loans or private loans taken out by a student or parent.