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Federal Direct Student Loan

Direct Loan: What is it?

A long-term loan which students begin to repay six months after they graduate or drop below half-time enrollment.

Subsidized & Unsubsidized

A subsidized loan is a need based loan in which the US Department of Education pays the interest while the student is enrolled with at least six credits and during the six month grace period.  An unsubsidized loan is available to students who do not demonstrate financial need. Students are responsible for the interest on an unsubsidized loan while enrolled in school. Interest begins to accrue on the day funds are disbursed and can be paid quarterly or capitalized and added to the loan principal. Borrowers can receive subsidized and unsubsidized loans for the same period, but the combined total of both programs cannot exceed the annual loan limits.  A fixed/variable rate is set every July 1st and will remain in effect the life of the loan.  The interest rate for both subsidized and unsubsidized loans will be 5.05% for loans disbursed after July 1, 2018 and before July 1, 2019.

Who qualifies?

Students who have completed the FASFA, indicated they are interested in loans, and are enrolled for at least six credits per semester.

How much can I borrow?

The annual loan limits are based on the number of completed credits at Pitt-Greensburg:

Completed Credits Dependent Undergraduate
(except students whose
parents are unable to
obtain Direct PLUS Loans)
Independent Undergraduate
(and dependent students
whose parents are unable
to obtain Direct PLUS loans)
Level 1    00 - 23 credits $3500 plus $2000
in unsubsidized loans
$9500-No more than $3500
may be subsidized
Level 2    24 - 53 credits $4500 plus $2000
in unsubsidized loans
$10500-No more than $4500
may be subsidized
Level 3 & 4    54+ credits $5500 plus $2000
in unsubsidized loans
$12500-No more than $5500
may be subsidized

Independent students may borrow an additional $4,000 to $5,000.

How do I apply?

Direct loan borrowers must complete the FAFSA, the Direct Loan Master Promissory Note, and the Entrance Counseling session. If you are a first-time borrower, or it is your first time borrowing at Pitt-Greensburg, you must complete a federally required counseling session before receiving the first disbursement of your loan. You can fulfill this requirement by completing the Direct Loan Entrance Counseling online using the link below.

Students beginning college in Fall 2021 and beyond are also required to complete an Annual Student Loan Acknowledgment (ASLA). You must complete an ASLA each year you accept a new federal loan. The ASLA can be completed electronically at

If for some reason you do not want the loan or you want a lesser amount you must indicate this to us on your Financial Aid Acceptance letter so that adjustment can be made.

If selected, all Verification forms must be submitted.

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