Federal Direct Student Loan

Subsidized & Unsubsidized Direct Loans

Federal Direct Student Loan


  • Deferred while the student is in school
  • Fixed Interest Rate of 4.29% for Undergraduate Subsidized and Unsubsidized loans (Fixed Interest Rate of 5.84% for Graduate Unsubsidized loans)
  • Subsidized (interest paid by the government while the student is in school) or Unsubsidized (interest accruing while the student is in school) eligibility is determined by the FAFSA calculation
  • Fees are 1.073% of the principal loan amount
  • Repayment - when the student graduates or drops below half-time status, they have a six-month "grace period" before starting repayment

There are two online forms that you must complete in order to receive Federal Direct Loans.  Both forms can be completed at the link below by signing in with the student SSN and FSA ID:

Entrance Counseling

Direct Loan Master Promissory Note 

*Please complete only the MPN for Subsidized/Unsubsidized Direct Loans whether you are a Traditional Undergrad, Degree Completion, Online Program or Graduate student.  These forms will be good for the entire time that you are enrolled at JBU.


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