Loan Options

The Financial Aid Office will determine your Federal Direct Loan eligibility after reviewing your FAFSA.

Federal Direct Loan Program

The Federal Direct Loan program includes the Federal Direct Subsidized Loan and the Federal Direct Unsubsidized Loan. Generally, eligibility for a Subsidized Direct Loan is based on two things: 1) your FAFSA EFC and 2) the amount of grants and scholarships you receive. Federal Direct Loan limits (the maximum amount a student can borrow) are set by the U.S. Department of Education. Click here for more information about the Federal Direct Loan program.

Additional Loan Options

If you need additional assistance to pay for school, there are three additional loan options:

  1. Private Student Loan
    Private Student Loan is in the student's name and will likely require a cosigner in order to be approved. Click here to search for Private Student Loan options and to apply online.
  2. Federal Parent PLUS Loan
    As a parent of a college student, you can obtain a Federal Direct Parent PLUS Loan (also commonly referred to as the Parent PLUS Loan). Unlike a federal student loan, the parent is the borrowerClick here to learn more and to apply for a Parent PLUS Loan.
  3. Private Parent Loan
    With a Private Parent Loan, the parent is the borrower. Click here to learn more and to apply for a Private Parent Loan.


Exit Counseling Resources

Your Direct Loan Servicer

The U.S. Department of Education is the lender for all William D. Ford Federal Direct Loans. These loans will remain with the federal government for the life of the loan. Your Direct Loan Servicer will oversee your loan account until all your direct loans are paid in full. Your loan servicer will be your primary contact throughout repayment to process your deferment and forbearance forms, provide answers to your questions regarding payment, provide information about the various repayment options, process change of address forms, and send you your bills. To find out who is servicing your Direct Loans, login to

Additional Information