To apply for a Federal Direct Loan and/or Federal Graduate Direct Plus Loan, complete a Fall/Spring Student Loan Information Form and a Free Application for Federal Student Aid (FAFSA) no later than June for enrollment beginning with the fall semester or November for enrollment beginning with the spring semester. The FAFSA is to be completed online at www.fafsa.ed.gov and the Fall/Spring Student Loan Request Form is to be obtained on-line at the financial aid section of the Marywood University website.

Federal Direct Subsidized Student Loan

Under this program, matriculating graduate students enrolled on at least a half-time basis (minimum of six credits per semester) can borrow up to $8,500 per academic year. Eligibility for the subsidized portion of the loan is based upon a federal eligibility formula.

Federal Direct Unsubsidized Student Loan

Under this program, matriculating graduate students enrolled on at least a half-time basis (minimum of six credits per semester) can borrow up to $12,000 IN ADDITION to the Federal Direct Subsidized Student Loan per academic year. Unlike the Federal Direct Subsidized Student Loan, borrowers do not have to demonstrate financial need for the Federal Direct Unsubsidized Student Loan. The approved loan amount can never exceed the actual cost of education less any other scholarships, grants, employer reimbursement, or loans received.

Federal Graduate Direct PLUS Loan

Under this program, matriculating graduate students enrolled on at least a half-time basis (minimum of six credits per semester) can borrow the difference between the cost of education less any other scholarships, grants, employer reimbursement, or loans received.

Marywood University uses the Borrower-Based Academic Year policy for the processing of all federal student loans. The Borrower-Based Academic Year is individualized for each borrower and may begin at any time within the scheduled academic year. Included in the Borrower-Based Academic Year are only those terms in which the matriculating student was enrolled on at least a half-time basis (minimum of 6 credits).