Federal Direct Loans

Direct Subsidized Loans are awarded to students with demonstrated financial need. Interest is subsidized (paid) by the government while the student is in school and during the six-month grace period after the student leaves school or drops below half-time enrollment status*. Loans enter repayment at the end of the grace period.

*Interest will be charged during the six-month grace period for subsidized loans disbursed between July 1, 2012, and June 30, 2014.

Direct Unsubsidized Loans are available to all students regardless of income. Interest accrues from the date of disbursement, but the extra costs of accrual can be avoided by making regular interest payments while in school. Loans enter repayment six months after the student graduates or cease half-time enrollment.

Direct Loan Borrower Annual and Lifetime Aggregate Loan Limits

*Loans included: Federal Direct loans (subsidized and unsubsidized), consolidated Federal loans, and Federal Perkins loans. Private and Federal PLUS loans are not included in the average.

The graduated class is comprised of students who graduated with undergraduate degrees between Spring 2021, Summer 2021, and Fall 2021.

The method used to generate these statistics is based on the Common Data Set reporting process.

1. Complete the Free Application for Federal Student Aid (FAFSA).
2. Complete your financial aid file.
3. Once you receive your notification of eligibility, sign into myUCCS Self Service to accept, reduce, or decline your loan(s).
4. Complete Direct Loan entrance counseling.
5. Complete a Master Promissory Note.
6. Enroll in at least 6 credit hours for undergraduate students or 3 credit hours for graduate students.
7. Maintain Satisfactory Academic Progress.

Direct Loan Borrower Rights and Responsibilities

As a Direct Loan borrower, you are expected to understand your rights and responsibilities.