Federal Direct Loan

This federal loan program allows a student to borrow a maximum of $3,500 per year for the first year, $4,500 for the second year, and up to $5,500 for the third and fourth years of college. To apply for this loan, one must be admitted and enrolled in at least half-time, and in good standing at an eligible institution. A FAFSA is required to be eligible for this loan. An applicant can complete the Master Promissory Note (MPN) and Entrance Counseling for the direct loan at www.studentloans.gov.