Federal Student Loans & Contacts
There are three types of federal student loans.
Federal Perkins Loans are made to undergraduate, graduate and professional degree students. Federal Perkins loans are offered to students who demonstrate financial need as evidenced by their annual FAFSA results and who are enrolled part-time or full-time. The Perkins is awarded on a first come first serve basis. Federal Perkins loan are repaid to the school through University Accounting Services (UAS), a national Perkins Loan servicer.
Federal DIRECT Loans are for undergraduate, graduate and professional degree students who are enrolled at least half-time. There are two types of Federal DIRECT loans: subsidized and unsubsidized. You must be an undergraduate student and have financial need as evidenced by your annual FAFSA results to receive a Federal subsidized Loan. The U.S. Department of Education will pay (subsidize) the interest that accrues on subsidized loans during certain periods. Financial need is not a requirement to obtain an unsubsidized loan. You are responsible for paying the interest that accrues on unsubsidized loans. Federal DIRECT Loans are repaid to the federal government. Effective 07.01/2013, first time student borrowers will be limited on the number of semesters they qualify for Subsidized Direct Loans. Subsidized Loans may only be accessed for 150% of program length (twelve semesters) for the BA and BS degrees. Students who exceed this limit may still qualify for Unsubsidized Direct Loans to complete the BA/BS degree. To avoid excess Student Loan Debt upon graduation, students should borrow the least amount needed to pay educational expenses.
Federal PLUS Loans are loans parents (of undergraduate students), graduate and doctoral students may obtain to help pay the cost of education. This loan is credit based. Federal PLUS Loans are repaid to the federal government.
Student loans are borrowed money that must be repaid with interest. If you withdraw, drop to less-than-half-time, take an academic leave of absence, go on academic extension which is not equivalent to full-time academic study, graduate, or transfer schools, you enter repayment at the conclusion of your grace period.
Direct Loan Applicant Services
Borrowers may call for assistance with:
- Filling out the electronic promisary notes
- Appeal a Denied Credit Decision
- Endorser Application Questions
- Verify if MPN/Endorser Addendum was received
Electronic Master Promissory Note (eMPN)
Review your loan once it has been disbursed on the National Student Loan Data System.
Direct Loan Consolidation