Federal Direct Subsidized Loans

Subsidized loans are available to undergraduate students with financial need. They may be deferred while the student is enrolled at least half time and for a period of six months beyond the student’s last date of attendance (grace period). During this period the interest is paid by the U.S. Department of Education. The annual limit for Subsidized loans is as follows:

$3,500 if he or she is a first-year student enrolled in a program of study that is at least a full academic year.
$4,500 if he or she has completed the first year of study and the remainder of the program is at least a full academic year.
$5,500 a year if he or she has completed two years of study and the remainder of the program is at least a full academic year.

The maximum Subsidized loan indebtedness for a graduate student is $138,500 with no more than $65,500 of this amount being in subsidized loans,

For periods of undergraduate study that are less than an academic year, the amounts the student can borrow are less than those previously listed. Contact the Office of Financial Aid for specific details. and graduate student limits The maximum indebtedness for a dependent undergraduate student is $23,000.

Any origination and insurance premium fees are deducted proportionately from each disbursement and paid to the federal government.