Final GO ("Get Oriented") Session on 8/9

Our FINAL orientation and registration event is Wednesday, August 9th! RSVP now to save your spot!

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Plan Your Visit!

Now is a great time to plan out your personal campus visit for this Fall! Sign up for your date of choice now before they fill up.

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Recently Been Admitted?

Pay your $100 Enrollment Deposit and you'll get your "soft-style" "I'm a Husky" shirt and be able to sign up for Mini GO!

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William D. Ford Federal Direct Loans

If you apply for federal student aid, You may be offered loans as part of your financial aid awards. A loan is money that you or your parents (if applicable) must pay back with interest. If you do decide to borrow one of the federal loans listed make sure you understand the terms and conditions of the loans.

  • William D. Ford Federal Direct Subsidized Loan

    This loan program provides low interest loans to students who are enrolled at least half-time in a degree or teacher certification program and have a “demonstrated need” based upon the information provided as a result of the completion of their Free Application for Federal Student Aid (FAFSA). No interest accrues while in school at least half-time. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HBU. Repayment begins six months after dropping below half-time and interest will begin to accrue during the grace period. As of July 1, 2013, a first-time Federal Subsidized Student Loan borrower is no longer eligible for the Subsidized Student Loan program if he or she exceeds 150% of the published length necessary to graduate within an undergraduate degree program.

    Annual limits:

    • $3500 – Freshman
    • $4500 – Sophomore
    • $5500 – Junior/Senior

     

    Aggregate limits:

    • Undergraduate Dependent Students: $31,000 (no more than $23,000 of which can be subsidized).
    • Undergraduate Independent Students: $57,500 (no more than $23,000 of which can be subsidized).
  • William D. Ford Direct Unsubsidized Loan for Dependent Students

    This loan is available to dependent students who are enrolled at least half-time in a degree or teacher certification program and do not demonstrate a financial need based upon the information provided as a result of the completion of their Free Application for Federal Student Aid (FAFSA). Applicants must seek aid from the Direct Subsidized Loan program before receiving loans from the Direct Unsubsidized Loan. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HBU. Repayment begins six months after dropping below half-time. The student is responsible for the interest that accrues on the Direct Unsubsidized Loan during in-school and deferment periods.

    Undergraduate students are eligible for up to a $2,000 unsubsidized loan annually in addition to the Direct Subsidized Loan limits.

  • William D. Ford Direct Unsubsidized Student Loan for Independent Students

    This loan is available to independent undergraduate and graduate students who are enrolled at least half-time in a degree or teacher certification program who do not demonstrate a financial need based upon the information provided as a result of the completion of their Free Application for Federal Student Aid (FAFSA). The annual limit is $6,000 for the first and second year undergraduates. Students who have achieved third or fourth year status are eligible to borrow up to $7,000 annually, and graduate students may borrow up to $20,500 annually, not to exceed the cost of education. These amounts are in addition to the Direct Subsidized Loan amounts.

    The subsidized and unsubsidized Direct Loan interest rates are variable and adjusted on an annual basis every July 1, but will not exceed 8.25%. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HBU. Repayment begins six months after dropping below half-time. The student is responsible for the interest that accrues on the Direct Unsubsidized Loan during in-school and deferment periods.

    Annual maximum award:

    • $6,000 – Freshman/Sophomore
    • $7,000 – Junior/Senior
    • $20,500 – Graduate

     

    Aggregate limits:

    • Undergraduate Dependent Students: $31,000 (no more than $23,000 of which can be subsidized)
    • Undergraduate Independent Students: $57,500 (no more than $23,000 of which can be subsidized)
    • Graduate Students: $138,500 (prior to July 1, 2012, no more than $65,500 of which can be subsidized)
  • William D. Ford Direct PLUS Loan (Parent Loans for Undergraduate Students)

    This loan is not need based. These loans allow credit worthy parents of dependent undergraduate students who are enrolled at least half-time to borrow up to the cost of education minus other aid. Repayment begins while the student is in school and some deferment options are available. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HBU. The interest rate is variable and is adjusted each year, but will not exceed 9%. In order to receive the loan the student must complete the Free Application for Federal Student Aid (FAFSA). Parent loan borrowers must complete the Statement of Educational Purpose and Distribution of Funds form from the Forms Library and the Direct PLUS Loan application, credit check and master promissory note.

  • William D. Ford Direct Grad PLUS loan

    These loans allow credit-worthy graduate students who are enrolled at least half time to borrow up to the cost of education minus the Direct Loans and other aid. Borrowers are assessed an origination/guarantee fee which is deducted prior to the disbursement of the loan to HBU. Repayment begins while the student is in school and some deferment options are available. In order to receive the loan the student must complete the Free Application for Federal Student Aid (FAFSA). Parent loan borrowers must complete the Statement of Educational Purpose and Distribution of Funds form from the Forms Library and the Direct Grad PLUS Loan application, credit check and master promissory note.

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