Loans are one of the three major types of student aid. Unlike grants and work study which do not have to be repaid by the student, loans are a form of aid that must be repaid after graduation or when attendance drops below half-time status (minimum of 6 credit hours).

The following types of federal loans are available to students and/or their parents.  If you decide to borrow always think federal aid first!  All students must complete a FAFSA online at  to take advantage of federal loans.   The FAFSA must be completed every academic year.  More information is available by clicking on a specific loan program.

Federal Loan Program

Who May Borrow?

Federal Direct Subsidized Loan

Undergraduate Students*

Federal Direct Unsubsidized Loan

Undergraduate & Graduate Students

Federal Direct Parent PLUS Loan

Parents of Dependent Undergraduate Students

Federal Direct Graduate PLUS Loan  

Graduate Students

Federal Perkins Loans  

Undergraduate or Graduate Students with exceptional financial need

*Direct Subsidized Loans are no longer available to graduate students for loan periods that begin on or after July 1, 2012.  The annual loan limit has not changed.