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, an undergraduate student may borrow up to:

  • $5,500 a year during the first year
  • $6,500 a year during the second year
  • $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  Scholarships & Financial Aid.

Nursing Student Loan (NSL) Program

The Nursing Student Loan Program awards funding to School of Nursing students which provides low interest loans to students enrolled at least half time, with financial need, and currently pursuing a course of study leading to a BSN in Nursing.

To be eligible for this program you must meet the following requirements:

  • BSN student
  • Permanent resident of the US.
  • Have a valid FASFSA on file.
  • Must be enrolled at least half-time student in nursing school.
  • Must be in good Satisfactory Academic Standing Status.
  • Capable of maintaining good standing in the program.
  • Have remaining room in your cost of attendance to receive this award.
  • Cannot be in default on any other student loans.

Award amounts may vary based on other aid awarded and remaining room in your cost of attendance.

For further information please contact Sheila Cannon ( from the Nursing Department.

Cohort Default Rate

The cohort default rate refers to the percentage of borrowers that enter repayment during a particular fiscal year and default within the same fiscal year. This data is required to be published by the Department of Education as detailed in the Higher Education Act of 1965 (HEA).

Quick Facts about Cohort Default Rates(CDR)

  • Cohort default rates are determined based on data reported to the National Student Loan Data System (NSLDS) by guaranty agencies.
  • Guaranty agencies consist of state and private agencies that help facilitate the Federal Family Education Loan Program.
  • Cohort default rates are calculated bi-annually.
  • Loans included in these calculations are all Federal Stafford subsidized loans, unsubsidized loans, and federally consolidated loans.
  • The formula for calculating the CDR is comprised of the number of students entering repayment and default by a given time frame during a fiscal year divided by the number of students who entered repayment (please refer to example below).
# of students who entered repayment in FY 2018 and defaulted on or before the end of FY 2020 (Numerator)
100 X  
# of students who entered repayment in FY 2018 (Denominator)

Fayetteville State University Latest Cohort Default Rate Data