Federal Direct Loans

The Federal Direct Loan is a long-term, low-interest loan that is awarded by the Office of Financial Aid. The lender is the U.S. Department of Education.  This loan is not based upon your credit history or income.  The amount you may receive for the academic year is based on your financial need and academic level and is determined by the Office of Financial Aid.

Repayment of the principal begins 6 months after you cease half-time enrollment, and the average repayment term is 10 years.