Direct Loans

Beginning 2010-2011
Due to federal student loan regulatory changes, ALL subsidized, unsubsidized and PLUS loans processed beginning with the 2010-2011 school year will be direct loans. This means that the loan is funded by the U.S. Government rather than individual lending institutions. Students who have never signed a Direct Loan Master Promissory Note will be required to do so in addition to completing the Direct Loan Entrance Orientation.

Direct Loans can be either subsidized, unsubsidized or PLUS (for parents of undergraduate students) or Graduate/Professional PLUS (for graduate students).

A subsidized loan is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during authorized periods of deferment. The federal government "subsidizes" the interest during these periods.

An unsubsidized loan is available for eligible students upon request. Eligibility is determined primarily on cost of attendance minus other financial assistance. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be capitalized. That is, the interest will be added to the principal amount of your loan. Additional interest will be based upon the higher amount. This will increase the amount you have to repay. If you choose to pay the interest as it accumulates, you will repay less in the long run.

Students can accept both subsidized and unsubsidized loans for the same enrollment period.

Plus loans are available for parents of dependent students where Graduate/Professional PLUS loans are available for graduate/professional students.

More information about Direct Loans can be found at StudentLoans.gov or by speaking with a representative in the WSU Financial Aid and Scholarship office at (801)626-7569.

If you accept a Federal Stafford Loan, you must:
  • Maintain Satisfactory Academic Progress. 
  • Sign and submit your promissory note. 
    • A Master Promissory Note (MPN) is a legal contract which states you, the borrower, will repay the loan. The MPN can be signed online at StudentLoans.gov
  • Complete the Stafford Loan Entrance orientation.
    • This is required once during the time that you are a student borrower at WSU. To find out if you need to complete this requirement, log on to eWeber and access your financial aid "My Overall Status" or "My Eligibility."  You can complete the orientation at StudentLoans.govClick on the link for "Entrance Counseling."

Maximum Loan Amounts

Your award offer will show you the maximum amount you may be eligible for. However, the actual amount you receive depends on your year in school and past loan amounts. The following chart shows the maximum base amount you are eligible for each year. Base amounts can be subsidized or unsubsidized, or a combination of both. For additional unsubsidized loan consideration, please contact our office at (801) 626-7569 for further information.

YEAR IN SCHOOL CUMULATIVE
CREDITS
ANNUAL MAXIMUMS
Freshman 0-29 $3,500
Sophomore 30-59 4,500
Junior 60-89 5,500
Senior 90-119 5,500
5th Yr Senior 120+ 5,500
1st Yr Grad 0-12  8,500
2nd Yr Grad  13-24 8,500
3rd Yr Grad 25+  8,500

To request additional loan assistance, print, complete and return the Student Loan Supplement form  to the WSU Financial Aid Office at 1136 University Circle, Ogden Utah 84408. This form can be used only after your initial award offer has been accepted or declined by you online.