Student Financial Services

Undergraduate Federal Loans

Federal Student Loans

Alternative/Private Loans



ELIGIBILITY: Matriculated undergraduates must file the FAFSA to qualify for Federal Student Loans, also known as Subsidized and/or Unsubsidized Loans. Undergrads must be enrolled for 6 credits or more per semester to be eligible and must be making satisfactory academic progress towards their degree.

*Non-matriculated students are not eligible for loans.

REQUIREMENTS: First time borrowers are required to complete a Master Promissory Note (MPN) and Entrance Counseling on the Federal website: Login using your FSA ID then do the following:

-Complete MASTER PROMISSORY NOTE for Subsidized/Unsubsidized loan. (prom notes are then valid for 10 yrs.)


Also, upon graduation you will be required to complete EXIT COUNSELING at We will send you a letter at that time to remind you.

Please note, students who borrow a federal student loan will have the loan submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.



Yearly Amounts for Dependent Undergraduates

  • 0-29 credits:   $5500 (no more than $3500 of this amt may be subsidized)
  • 30-59 credits: $6500 (no more than $4500 of this amt may be subsidized)
  • 60+ credits:    $7500 (no more than $5500 of this amt may be subsidized)
  • Aggregate total of $31000 (no more than $23000 of this amt may be sub)

Independent Undergrads (or dependent students w/a Parent PLUS denial)

  • 0-29 credits:   $9500 (no more than $3500 of this amt may be sub)
  • 30-59 credits: $10500 (no more than $4500 of this amt may be sub)
  • 60+ credits:    $12500 (no more than $5500 of this amt may be sub)
  • Aggregate total of $57500 (no more than $23000 of this amt may be sub)


The 2023/2024 interest rates for subsidized and unsubsidized loans effective July 1st, 2023 is 5.50%.  The origination fee is 1.057%. Origination fees are taken out of the loan before dispersal. 

Subsidized means interest will NOT accrue while enrolled in college at least halftime, while unsubsidized means interest will accrue while enrolled.

*Your ratio of sub. vs. unsub. loan eligibility is based on your FAFSA results and not everyone qualifies for subsidized.

REPAYMENT: Repayment begins 6 months after the student graduates or falls below half-time. Standard repayment is ten years. IMPORTANT- If you have any questions about federal loan repayment do not hesitate to contact your servicer. They have been contracted by the Department of Education to help you! You can ask them questions about the varying payment plans, interest, etc. Also, if you are having a hard time making your payments after graduation you'll want to contact them to discuss it. There may be options for you so that you can avoid ruining your credit with late or skipped loan payments!

Do you know who your loan servicer is? If not, contact our office or follow these simple instructions to find out...

Go to for all information concerning your student loans. You can log into StudentAid.Gov using your Federal Student Aid (FSA) ID and Password. There is a link you can click on for "Who's My Loan Servicer?.

Now that you know who your servicer is you should create a login on their website so you can track your loans. Examples of servicers include Great Lakes, FedLoan, etc...

For more information on repayment and repayment plans, please visit the Federal Student Aid site.