Benefits of Direct Loans
Loans are the largest financial resource available to students. Loans allow students to borrow money at low interest rates with no collateral and no co-signer for direct loans. Most student loans do not need to be repaid until the student graduates or drops to less than half-time status.
Responsible Borrowing
Making the decision to borrow money to finance your education represents a serious investment in your future. We strongly encourage both undergraduate and graduate students to borrow only the amount needed to ensure a smooth transition to loan repayment in the future.
Such a commitment requires careful considering the future implications of your current financial decisions. When signing a loan promissory note, you enter into a legal agreement. Consider this commitment carefully when taking out a loan. You may need to commit a significant portion of your future salary to achieve your current educational objectives. Handling this long-term financial obligation can be made easier by using sound debt-management practices—both while you are in school and after you graduate. We encourage you to calculate how much you will need to earn in order to cover your student loan debt.
Types of Loans
Undergraduate Students
Graduate Students
How to Apply
To apply for a student loan:
- Create an FSA ID using the instructions below.
- Submit the Free Application for Federal Student Aid (FAFSA).
- Wait to receive your Financial Aid Award Notification from the Office of Financial Aid.
- Accept or decline the loan online using the instructions below.
- Complete your Master Promissory Note and Entrance Counseling using the instructions below.
