Loan Disbursements

Please keep the following in mind when applying for loans:

Two Semester Loans: Will have one disbursement in each semester.

One Semester Loans: Will have two disbursement in the one semester.

If you apply for a two semester loan and then submit an additional loan request for one semester, this is considered a one semester loan.  Each loan must have two equal disbursements.  If you have loan questions, please email

Interest Rates on Federal Student Loans

For loans first disbursed 7/1/2021 through 6/30/2022 - 3.73%

For loans first disbursed 7/1/2020 through 6/30/2021 - 2.75%

For loans first disbursed 7/1/2019 through 6/30/2020 - 4.53%

For loans first disbursed 7/1/2018 through 6/30/2019 - 5.05%

For loans first disbursed 7/1/2017 through 6/30/2018 - 4.45%

For loans first disbursed 7/1/2016 through 6/30/2017 - 3.76%

Yearly Direct Loan Limits

Please keep in mind that these are yearly loan limits not semester loan limits.
Dependent Students
First Year:$5,500                                        
Subsidized: Max of $3,500                          
Unsubsidized: $2,000  
Second Year: $6,500
Subsidized: Max of $4,500
Unsubsidized: $2,000
Independent Students
First Year: $9,500                                      
Subsidized Max of $3,500                             
Unsubsidized: $6,000   
Second Year: $10,500                                      
Subsidized Max of $4,500                             
Unsubsidized: $6,000