Federal Direct Loan Program
Once you receive your preliminary award email, you must follow the instructions to request your federal loans. Request loans by July 1st each year to ensure they will appear on your fall tuition bill. Loan requests may be adjusted (increased or decreased) at any time during the year, until March 1st, with no difficulty - just contact your counselor.
Disbursement: The Federal Direct Loan funds will be credited directly toward payment of tuition and fees in two equal installments (August and January). If your tuition and fees have already been paid, or your financial aid proceeds overpay your account, the overpayment amount will be refunded to you at the beginning of each semester.
For information about the Federal Subsidized Loan, which was available in 2011/12 and previous years, please contact your financial aid counselor. Congress has ended the subsidized loan program for graduate and professional students, and this loan will not be available after July 1, 2012.
Federal Grad PLUS Loan Program
Loan of Last Resort
- The Graduate PLUS loan provides funding for students whose maximum federal unsubsidized loans, along with any other aid, do not fund the student up to the Cost of Attendance. This is a more expensive loan, and individual entrance counseling is required. Please see your counselor for more information.