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Financial Aid Office

Federal Direct Loans

Federal Direct Subsidized Loans are awarded based on financial need.  The federal government pays the interest that accrues on subsidized loans while you are enrolled in school at least half-time, but interest will accrue during periods of non-enrollment.  The MSU Financial Aid Office encourages students to make payments on accruing interest during periods of non-enrollment such as summer breaks to keep total debt as low as possible.

Federal Direct Unsubsidized Loans are awarded to all eligible students regardless of need.  You are responsible for the interest that accrues on unsubsidized loans from the time the loan is disbursed.  The MSU Financial Aid Office encourages students to make payments on accruing interest while they are in school to keep total debt as low as possible. 

Federal Direct Plus Loans are loans that graduate students and parents of dependent undergraduate students can use to help pay for college.  The borrower is responsible for the interest that accrues on the PLUS Loan from the time the loan is disbursed.  The MSU Financial Aid Office encourages borrowers to make payments on accruing interest while they re in school to keep total debt as low as possible.

How to apply: Students must complete the Free Application for Federal Student Aid (FAFSA).  PLUS Loan applicants (graduate student or parents of a dependent undergraduate) must also complete the PLUS Request Process at www.studentloans.gov.

All first-time borrowers of Federal Direct Subsidized and Unsubsidized Loans are required to complete entrance counseling along with a Master Promissory Note (MPN).

NOTE:  All student loans require that the borrower be enrolled in a minimum of six credits.

Federal Student Aid Program Limits

Direct Subsidized and Unsubsidized Loan Disclosure Statement
Direct Subsidized and Unsubsidized Loan Borrower's Rights and Responsibilities

Direct PLUS Loan Disclosure Statement
Direct PLUS Loan Borrower's Rights and Responsibilities