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Federal Direct Loans



Federal Direct Student Loan Program (FDSLP): This is a low interest loan to help you pay for educational expenses. The interest rate is fixed and has been set by the Federal government. The U.S. Government is the lender. Direct loan eligibility is determined by your year of study, federal limits, financial need, and other types of aid awarded.

Types of loans:Subsidized (FDSL), Unsubsidized (FDUL), and Parent Plus Loan

Additional Unsubsidized Loan may be available to students whose parent cannot qualify for Parent Plus Loan or for independent students requesting an additional loan.

Subsidized Loan (FDSL): the government pays the interest while you are in school. To be awarded this loan a student must:

  • Complete a FAFSA
  • Be enrolled at least half-time (6 credits) in an eligible program
  • Demonstrate financial need
  • Accept on Web Advisor

Unsubsidized Loan (FDUL): interest will accrue while you are in school. To be awarded this loan a student must:

  • Complete a FAFSA
  • Be enrolled at least half-time (6 credits)
  • Accept on Web Advisor

Parent Plus Loan (PLUS): interest will accrue while student is in school. To be awarded this loan a student must:

  • Complete the FAFSA
  • Be a dependent student
  • Accept on Web Advisor

Most students begin repayment six months after leaving college or when they drop below half-time status (6 credits). Under some conditions, repayment may be deferred.

How much can I borrow? Depending on your year of study, the federal government limits the amount you can borrow. These amounts are the maximum: your amount may vary depending on financial need and other types of aid awarded.

Subsidized and Unsubsidized Direct Loans for Independent Students

Freshman year - Up to $9,500
Sophomore year - Up to $10,500

Freshman year

$9,500 if you’re a first-year student enrolled in a program of study that is at least a full academic year (no more than $3,500 of this amount may be in subsidized loans).

Sophomore year

$10,500 if you’ve completed your first year of study and the remainder of your program is at least a full academic year (no more than $4,500 of this amount may be in subsidized loans).

Subsidized and Unsubsidized Direct Loans for Dependent Students

Freshman year - Up to $9,500
Sophomore year - Up to $10,500

Freshman year

$5,500 if you’re a first-year student enrolled in a program of study that is at least a full academic year (no more than $3,500 of this amount may be in subsidized loans)

Sophomore year

$6,500 if you’ve completed your first year of study and the remainder of your program is at least a full academic year (no more than $4,500 of this amount may be in subsidized loans).

For dependent students, Direct Loan limits include unsubsidized and subsidized amounts borrowed in the same year. (See Aggregate maximum)

NOTE: Independent students may also qualify for these
additional amounts through the Unsubsidized Direct Loan
Program. Dependent students may also qualify if their parents
cannot obtain a PLUS Loan.

Aggregate Maximum (Effective July 1, 2008)
  • Undergraduate Dependent Student: $31,000 (no more than $23,000 of which can be subsidized).
  • Undergraduate Independent Student: $57,500 (no more than $23,000 of which can be subsidized).

Request for Unsubsidized Loan:  A student with loan debt exceeding $15,000 must submit a Request for Unsubsidized Loan form to the Financial Aid Office before an Unsubsidized Loan can be awarded.  The form can be found on the website at http://www.eitc.edu/financial.cfm.

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