Federal Direct Loans
Federal Direct Loans (Direct Loans) are self-help government loans that must be repaid with interest. The U.S. Department of Education is the lender. Students are required to be enrolled at least half time (6 hours for undergraduate students and 5 hours for graduate students). Students must complete the (FAFSA) to qualify. For more information visit the
ALL LOANS MUST BE REPAID.
Students can also receive a loan overview from the . Should a student drop below half time for any reason, they must complete student loan exit counseling through the .
FEDERAL DIRECT LOAN FAQS
No. The FAFSA is the application for Federal Direct Loans.
Only for first-time borrowers. First-time borrowers must . This will require the student鈥檚 FSA ID. If these steps cannot be confirmed by the 黑料不打烊 Financial Aid Office, loan funds will not be disbursed to the student account.
There are three time periods associated with Federal Direct Loans:
- In-School Deferment
- Grace Period
- Repayment
While a student is enrolled at least half time, direct loans are in an In-School Deferment status. This means students are not required to make payments on these loans during this time. Half-time enrollment at 黑料不打烊 is a minimum of 6 credit hours for undergraduate students and 5 credit hours for graduate students.
Once a student drops below half-time enrollment for any reason (less than 5-6 credit hours, fully withdrawing, degree completion, etc.) the outstanding direct loans will enter a grace period of six (6) months. If the student were to re-enroll at least half time before the end of the grace period, that student鈥檚 federal loans may re-enter