Undergraduate Federal Loans

Direct Subsidized Loans

Direct Subsidized loans are awarded to all eligible students who demonstrate financial need, as determined by the FAFSA. No interest accrues while a student is enrolled at least half-time, during the grace period, or deferment periods.

Students can borrow up to $5,500 in direct subsidized loans per year depending on year in school and dependency status.

Direct Unsubsidized Loans

Direct Unsubsidized loans are awarded to all eligible students who submit the FAFSA and are enrolled at least half-time. Interest accrues once the loans are disbursed, even during the grace period or deferment periods.

Students can borrow up to $7,000 in direct unsubsidized loans per year depending on year in school and dependency status.

Apply 

To apply for these loans you must first complete the FAFSA. Once you successfully file the FAFSA you will need to complete the Loan Entrance Counseling session and Master Promissory Note (MPN) to accept the loans on your financial aid package. 

FAFSA

First, complete the FAFSA:

Entrance Counseling Session 

Next, complete the Loan Entrance Counseling session:

Master Promissory Note (MPN)

Complete the Master Promissory Note (MPN):

Annual Student Loan Acknowledgement

Finally, complete the Annual Student Loan Acknowledgement:

Yearly Loan Limits

FRESHMAN (0-30 CREDIT HOURS)

  • Dependent up to $5,500
  • Independent up to $9,500

The current interest rate for 2020-2021 is 2.75%. This is the set interest rate for any Direct Loan disbursed in 2020-2021. Please note that Direct Subsidized loans do not start to accrue interest until after a student’s 6-month grace period has expired.

SOPHOMORE (30-59 CREDIT HOURS)

  • Dependent up to $6,500
  • Independent up to $10,500

The current interest rate for 2020-2021 is 2.75%. This is the set interest rate for any Direct Loan disbursed in 2020-2021. Please note that Direct Subsidized loans do not start to accrue interest until after a student’s 6-month grace period has expired.

JUNIOR (60-89 CREDIT HOURS)

  • Dependent up to $7,500
  • Independent up to $12,500

The current interest rate for 2020-2021 is 2.75%. This is the set interest rate for any Direct Loan disbursed in 2020-2021. Please note that Direct Subsidized loans do not start to accrue interest until after a student’s 6-month grace period has expired.

SENIOR (90+ CREDIT HOURS)

  • Dependent up to $7,500
  • Independent up to $12,500

The current interest rate for 2020-2021 is 2.75%. This is the set interest rate for any Direct Loan disbursed in 2020-2021. Please note that Direct Subsidized loans do not start to accrue interest until after a student’s 6-month grace period has expired.

Lifetime Loan Limits

DEPENDENT 

  • Total: $31,000
  • Subsidized: $23,000
  • Unsubsidized: $8,000

Please note that these lifetime totals do not take into consideration any Parent PLUS loans or private loans taken out by a student or parent.

INDEPENDENT 

  • Total: $57,500
  • Subsidized: $23,000
  • Unsubsidized: $34,500

Please note that these lifetime totals do not take into consideration any Parent PLUS loans or private loans taken out by a student or parent.

Student Loan Guidance

i3 Group | Students. Schools. Success.

Did you receive a phone call from the i3 Group? Palm Beach Atlantic University is partnered with the i3 Group who is dedicated to helping students take control of their education loans. Over the past ten years the i3 Group has worked with colleges & universities across the country helping students avoid delinquency and default on their student loans. Their expert concierge advisers have served over three million students by placing them into sustainable repayment plans, regardless of their loan balance or personal income.

For more information you can contact the i3 Group at (866) 296-7955 or visit their website here!