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Federal Direct Student Loans are offered to eligible students and are provided by the federal government acting as the lender. Direct Subsidized Student loan eligibility is based on financial need and if accepted, the U.S. Department of Education will pay the interest until the student graduates, leaves school, or drops below half time. Direct Unsubsidized loans are not based on financial need and interest will accrue the whole time that the student is enrolled in school. Both Subsidized and Unsubsidized Direct loans do not require repayment until 6 months after the student graduates, leaves school, or drops below half time.

The current interest rate for Federal Direct Undergraduate Student Loans first disbursed on or after July 1, 2026 and before July 1, 2027 is 6.52% and there is also an origination fee of 1.057%. Please review the most current information about interest rates and origination fees for Federal Direct loans.

Loan funds are available to credit-worthy parents of dependent students. These loans are not based upon financial need.  See the information below for amounts parents can borrow from the PLUS loan program. The current interest rate for loans disbursed on or after July 1, 2026 and before July 1, 2027 is fixed at 9.07% and repayment for PLUS loans may be deferred until after the student ceases to be enrolled at least half time. There is also a 4.228% origination fee deducted from each loan disbursement.

Application Instructions:

To apply for a 2026-2027  Federal Direct PLUS Loan please visit , and click "Learn More."

All new borrowers must also complete the Master Promissory Note as part of the Federal Direct Plus Loan process. Please visit for more information.

Note: We are required to inform the student or parent that the loan will be submitted to the National Student Loan Data System (NSLDS) and will be accessible to guaranty agencies, lenders, and schools determined to be authorized users of the data system.

(Students who have NOT borrowed federal loans for their current undergraduate program before July 1, 2026)

Students beginning a new undergraduate program on or after July 1, 2026, will continue to be eligible for Direct Federal Student Loans under the standard undergraduate annual and lifetime borrowing limits:

Annual Federal Direct Loan Limits

Dependent Undergraduate Students:

• First Year: up to $5,500
• Second Year: up to $6,500
• Third Year and Beyond: up to $7,500

Independent Undergraduate Students:

• First Year: up to $9,500
• Second Year: up to $10,500
• Third Year and Beyond: up to $12,500

Lifetime Federal Direct Loan Limits

• Dependent Students: $31,000 total
• Independent Students: $57,500 total

These limits include both subsidized and unsubsidized federal student loans.

Parent PLUS Loans remain available for eligible parents of dependent undergraduate students, but maximum amount is capped at $20,000 per year with a lifetime aggregate limit of $65,000 per child.

(Students who HAVE borrowed federal loans for their current undergraduate program before July 1, 2026)

Students who previously borrowed federal student loans for their current undergraduate program before July 1, 2026, may continue under existing federal loan eligibility rules if they meet all continuing eligibility requirements.

To maintain eligibility, students must:
✓ Remain continuously enrolled
✓ Complete their program within the institution’s published timeframe
✓ Continue meeting all federal financial aid eligibility requirements, including Satisfactory Academic Progress (SAP)

Your federal annual and lifetime loan limits remain the same:

• Dependent Students: up to $31,000 total
• Independent Students: up to $57,500 total

Eligible parents of dependent students may continue to utilize Parent PLUS Loans up to the total cost of attendance.

You may lose continued eligibility if you:

• Withdraw or stop attending for an extended period
• Exceed maximum timeframe requirements for degree completionFail to meet federal financial aid eligibility standards