The William D. Ford Federal Direct Loan Program is divided between subsidized and unsubsidized loans.
These loans provide assistance to students in meeting educational expenses. Interest is deferred on the principal of the subsidized loan while the student maintains continuous enrollment. Depending on eligibility or unmet cost of attendance, a student may borrow up to:
- $5,500 a year during the first year;
- $6,500 a year during the second year of undergraduate study;
- $7,500 a year for students with junior or senior status.
To learn more about the William D. Ford Federal Direct Loan Program, please visit us at the Office of Financial Aid & Scholarships.