Find out more about the Federal Direct Loan, the Direct PLUS (Federal Parent Loans) and how to apply.
Responsibility for Repaying
Federal Direct Student Loans are a long-term financial obligation. Getting a loan means you are responsible for repaying the money you borrow including interest costs and fees.
Estimate your costs
Before you request a loan, find out the actual costs, interest rates and how long it will take to repay the loan. Go to The Federal Student Aid Website and get answers to these questions and more.
Use Your Loan for Education Expenses Only
Only use your student loan to pay for your education expenses at the school that is giving you the loan.
Education expenses include the following:
- Room and board
- Dependent child care expenses
- Rental or purchase of a personal computer
You do not need credit checks and co-signers for Federal Direct Student Loans.
However, you cannot:
- Be in default on a previous student loan
- Owe a repayment of other federal financial aid
- Be enrolled in less than six units
Direct PLUS (Federal Parent Loans)
If your parent is interested in a low-interest loan to help pay for your college education, go to the Direct PLUS federal website. You will find eligibility information, interest rates and application instructions.
You must submit a written statement to the Financial Aid Office about how much money your parent is requesting through the PLUS program. You may attach a copy of Parent Master Promissory Note (MPN) or include parent information on your written request.
The request should contain the following:
- Parent name
- Your social security number
- Your date of birth
- Your address
- Your phone number
- Your citizenship status
Estimate Your Repayments
Use the Repayment Plan Estimator to determine payment amounts for each repayment plan based on your loan balance and anticipated income. This tool can be used by all of our students regardless of your loan servicer.