The Direct Subsidized Loan is designed to provide students the opportunity to participate in paying for college. It is available to students who are determined eligible on the basis of financial need. The advantage of a Direct Subsidized Loan is that interest does not accrue while the student is enrolled at least half-time.

• Students who demonstrate financial need based on the FAFSA will qualify for the Federal Direct Subsidized Loan.
• Annual Loan Limits (see charts in the Direct Loan Section)
• Interest rates may be adjusted each year on July 1.
• Disbursement will be made directly to the students' account.
• First time borrowers are required to complete an Entrance Loan Counseling interview before funds are credited to student's account. An entrance interview may be completed online at www.studentloans.gov.
• Fees are deducted from the loan at time of disbursement.
• Repayment of the Direct Loan begins 6 months after the student leaves the University or is no longer enrolled at least half time.
• The student has up to 10 years to repay.
• The maximum subsidized loan amount per year is based on grade level.
• Upon graduation students must complete exit counseling at NSLDS.