There are two types of Federal Direct Student loans. They are subsidized and unsubsidized. The Federal Direct loans are low-interest loans that the student takes out on his/her behalf.

Direct Subsidized (subsidized - need based) Students may borrow up to $5,500/year, depending on need.

Direct Unsubsidized (unsubsidized - non-need based) Students may use the unsubsidized loan to reach that portion of the $5,500 that they did not qualify for under the subsidized program. An additional $2,000 unsubsidized may be borrowed by dependent students for a total of $7,500. Independent student may borrow a maximum of $12,500 between the two programs. THE UNSUBSIDIZED PROGRAM REQUIRES THAT THE STUDENT BE RESPONSIBLE FOR THE INTEREST WHILE IN SCHOOL.

Direct Plus Loan (parent loans for undergraduate students)

Private/Alternative Loans are available to students to help pay the gap in their financial aid. Private student loans are meant to supplement - not replace- federal student loans.  Look into all other sources of federal, state, and/or school aid prior to borrowing a private student loan.


  • Typically have a higher interest rate
  • Interest rates/fees based on credit rating
  • May require a co-signer
  • Not Federally funded
  • Cannot be consolidated with Federal Student Loans

Private lenders students have previously used: Go to FAST Choice-GREATLAKES