Fall 2015/Spring 2016 Loan Process

We would like to notify you of changes made to the Federal Direct Loan process beginning Fall 2014.  Please read the following information carefully so that you can avoid delays in the processing of your financial aid. 

If you choose to borrow a student loan for the upcoming year, you must request it through your student self-service. *  There will be a link labeled “loan request”.  As you consider whether to borrow or how much you would like to borrow for the Fall 2015 and Spring 2016, please consider the following facts:

1.)    As the name implies, this is a loan that must be repaid.  Please consider borrowing only the amount you need to meet your educationally related expenses.  The less you borrow while a student, the less you will have to repay when you are no longer in school.  You should keep in mind the earning potential for your chosen major.  Please note the estimated repayment chart below.

How Much Will You Really Pay Each Month?

Standard Loan Repayment Plan

Amount Borrowed

Monthly Payment**

Total Interest Paid

Total Repaid









$8 ,000

































2.)    Any amount you borrow will be split evenly between Fall and Spring.  If you request $1000, you will receive $500 less fees in the Fall and $500 less fees in the Spring.  Please consider this information as you decide how much to request.

3.)    The Loan Request link will allow every student to request up to $10,500.  PLEASE NOTE THAT NOT EVERY STUDENT IS REALLY ELIGIBLE FOR THIS AMOUNT.   The chart below will show you the maximum annual loan amount for students by dependency status and grade level.  In addition, a student who is receiving state or federal grants, federal work study, scholarships, third party payments, etc., may receive a lesser amount than the chart indicates.  Each student has an estimated Cost of Attendance and his or her total aid cannot exceed that amount.  


Dependency Status

Freshman (0-29Hours Earned)

Sophomore (30 or more Hours Earned

Independent Student



Dependent Student



*Important Note: If you plan to complete the loan request, you should first review your “to do list” on your student self – service for any outstanding missing items for financial aid. The loan request, and any other financial aid, will not be processed until those missing items have been completed.