Students must be enrolled in a
minimum of six semester hours at HSU
to qualify for most educational loans.
Check with the Financial Aid Office if you are unsure of the requirements for a specific loan.
D I RECT STUDENT LOANS
Direct Student Loans are guaranteed by the federal government. Any student filing a Free Application for Federal
Student Aid (FAFSA) is eligible to receive a direct loan. These fixed interest rate loans are a preferred loan option
for undergraduate and graduate students. Repayment of direct loans is deferred as long as half-time enrollment is
maintained. Once enrollment ceases, repayment ensues following a six month grace period. Direct loans amounts
are subject to annual and aggregate limits.
Federal Loan Limits
Freshman = $5,500
Sophomore = $6,500
Junior = $7,500
Senior = $7,500
Additional $4,000 (Fr,Soph) or $5000 (Jr,Sr)
available for independent or dependent
students w/Parent PLUS denial
Undergraduate Aggregate Limit = $57,500
Students with financial need (determined by FAFSA) may qualify for
direct loans. While enrolled,
interest is paid by the federal government on these loans.
direct loans are available to any student
regardless of financial need, but interest accrues during enrollment. Accrued interest may be paid quarterly
(recommended), or capitalized when repayment begins. To receive direct loans, student must first complete
Entrance Loan Counseling (ELC) and a Master Promissory Note (MPN). To access the two processes, which are
required only once prior to receiving the first direct loan,
Once the ELC & MPN have been completed, students must also accept the loans by accessing their HSU Central
financial aid records. Once accepted, any change in a loan amount must be done by contacting the HSU Financial
In subsequent years, students will be awarded direct loans automatically. Both ELC, and the MPN are valid for 11
years, and do not need to be repeated. Students will continue to accept/reject direct loans on his/her HSU Central