Federal Direct Loan Request
As part of a financial aid award package, many students are eligible to receive federal loans. Federal loans are an affordable, low-interest option for students who need help financing their college education.
Important things to consider before accepting federal loans
Although it is a convenient way to finance your college education, borrowing money from the federal government carries serious responsibilities that you should be aware of:
- Loans typically go into repayment 6 months after you have graduated, withdrawn from classes, or dropped below half-time status. To learn more about the monthly payment you can expect when your loans are in repayment, we encourage you to access this loan calculator.
- To accept federal loans, you will be required to sign a promissory note—a legal contract with the federal government—that says you understand the money you are receiving is a loan and must be repaid with interest.
- If you are unable to repay your loans, the federal government has the right to pursue the following actions:
- Require you to immediately repay the entire unpaid amount of your loan
- Sue you, take all or part of your federal and state tax refunds and other federal or state payments, and/or garnish your wages so that your employer is required to send the government part of your salary to pay off your loan
- Require you to pay reasonable collection fees and costs, plus court costs and attorney fees
- Report your default to national consumer reporting agencies (credit bureaus), which can have a negative impact on your future financial goals
- As a result of not repaying your loans, you may also:
- Be denied a professional license
- Lose eligibility for other federal student aid and assistance under most federal benefit programs
- Lose eligibility for loan deferments
If you were awarded federal loans, apply for your loans by going to eServices page and logging in to your account. After you have logged in, click on the "Financial Aid" link and then click on "Loans."