Federal Loans

Learn about what federal loans you may qualify for.

Learn more about what financial aid may be available to you

Financial Aid

Federal Loans

Federal student loans can help you pay for educational expenses, but you must borrow responsibly. Students should borrow only what they need and always remember loans must be paid back. For details regarding federal student loans go to https://studentaid.ed.gov/sa/types/loans and contact the IBCS Financial Aid Office.

IBCS does not provide a preferred lender list nor does IBCS provide any information on private loans.

Federal Stafford Direct Loans: subsidized	Undergraduate students only Must be degree-seeking Enrolled half-time (minimum of 6 credit hours) May not borrow more than the cost of education minus any other financial aid received Must maintain SAP	Amount Variable
Federal Stafford Direct Loans: unsubsidized	For undergraduate and graduate students Must be degree-seeking Must be enrolled at least half-time May not borrow more than the cost of education minus any other financial aid received Must maintain SAP	Amount Variable
Federal PLUS loans	Available to parents with good credit histories Parents borrow for dependent children Direct PLUS loan enters repayment once loan is fully disbursed	Amount Variable

Federal Direct Loans: Important Links

Basics for Students
Basics for Parents (PLUS Loans)
Required Entrance Counseling
How much can I borrow?
Federal student loan interest rates and fees
Required Master Promissory Note (MPN)
Required Exit Counseling
- Who should complete Exit Counseling?
  All students who have received a subsidized, unsubsidized, or PLUS loan(s) under the Federal Direct Loan Program, must complete exit counseling each time they drop below half-time enrollment, graduate, or leave school.
How to repay your loans
- Never miss a payment
  Got a Direct Loan? Sign up for automatic debit through your loan servicer, and your payments will be automatically taken from your bank account. Bonus: You get a 0.25% interest rate deduction when you enroll!
Repayment: How to Manage Your Student Loans
Repayment: What to Expect
View your Federal Loan and Grant History at NSLDS
Beware and avoid student loan scams

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