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Federal Direct Loans

Direct Loans are low-interest loans offered through the U.S. Department of Education for students and parents to help cover the cost of higher education. 

Students may be eligible to receive subsidized and unsubsidized loans.  Direct Subsidized Loans are available only to undergraduate students who have financial need and the terms of the loan are slightly better than that of an unsubsidized loan in that the U.S. Department of Education pays the interest while the student is:

  • still attending school at least half-time
  • the first 6-months after you leave school, and
  • during any deferment period 

With an Unsubsidized Direct Loan interest is accrued as soon as they are awarded and must be paid while the student is attending school or allowed to accumulate and added to the principal amount of the loan.

The interest rates for both loans are published each year on July 1st. 

Direct Subsidized Loans
Direct Unsubsidized Loans

Graduate Students or Parents of Undergraduate Students

Plus loans are federal loans that graduate students and parents of dependent undergraduate students can use to help pay for college.

Federal Direct PLUS Loan

Important Loan Information

Entrance Loan Counseling
Electronic Master Promissory Note
Exit Loan Counseling
Federal Student Loan Forgiveness

Contact Us
(989) 964-4900(989) 964-4900
(989) 964-2492


Wickes Hall 131-A


Monday - Thursday
8:00 a.m. - 4:30 p.m.
9:00 a.m. - 4:30 p.m.

Fall/Winter Semester
8:00 a.m. - 6:00 p.m.
Extended Hours on Payment Due Dates