Type of loan:

Federal Subsidized Loans do not accrue interest during the time in school. Only after graduation and the Grace Period, interest will begin to accrue on this type of loan. These loans are awarded to Undergraduate students, based on need. When filing your FAFSA you will automatically be considered for the loans you are eligible for.


In order to obtain the loans offered you will need to complete an online Entrance Counseling session and complete a Master Promissory Note, which is also available
online at studentloans.gov

Eligibility requirements include enrollement in a degree-seeking program at least half-time and that you have sufficient need, based on your Estimated Family Contribution (EFC).

Additional requirements for these loans include maintaining a Satisfactory Academic Progress (SAP) and staying within the Aggregate Loan Limits, which means the maximum total amount allowed each student.

When Graduating:

When you graduate you will have to complete Exit Counseling and the repayment of these loans will commence after a 6 month Grace Period. Interest in this period, however, will be added to the loan and therefore be included in the total amount you will need to repay.

Aggregate Loan Limits:

There is an Aggregate Loan Limit, which is the maximum total borrowing allowed (subsidized and unsubsidized combined) for all Loans. For dependent undergraduate students this limit is $31,000, of which no more than $23,000 can consist of Federal Subsidized Loans. For independent undergraduate students the aggregate limit is $57,500, of which no more than $23,000 can consist of subsidized loans. 

Maximum annual loan amounts for Subsidized Loans:

Freshmen $3,500

Sophmore $4,500

Junior   $5,500

Senior   $5,500