Federal Student Loans
A major form of self-help aid for students.
– Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need. A borrower is not responsible for interest before entering repayment or during authorized periods of deferment.
· The amount a student borrows each academic year depends on their financial need, class rank, program of study, and dependency status.
– Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need. A borrower is charged interest from the time the loan is disbursed until it is paid in full.
Federal student loan recipients are required to complete a Master Promissory Note (MPN) and complete loan entrance counseling at https://studentaid.gov prior to loan proceeds being authorized for disbursement.