Federal Direct Loan Subsidized

• A low-interest loan from the Federal Government.
• This is a need-based program for which eligibility is determined from information provided on the FAFSA form.
• Depending on your need, you may borrow up to $8,500 a year.
• The maximum Federal Direct Loan Subsidized you may borrow as a graduate or professional student is $65,500, including the remaining balance of any Federal Subsidized Stafford or Direct Loan borrowed at the undergraduate level. 

Terms and Conditions

• Interest Rate is 6.8%.
• The federal government will pay interest until six months after graduation or withdrawal from school, at which time you must begin to repay the loan.
• A federal loan origination fee of 1 percent and a guaranty default reduction fee of up to 1 percent will be deducted from the amount requested.
• You must attend entrance and exit interviews and complete the necessary forms, including promissory note, before the loan will be disbursed.