Federal loans

Eligibility

Information provided on the FAFSA determines eligibility for the Federal Perkins Student Loan, Federal Health Professions Student Loan (HPSL), Federal Loan for Disadvantaged Students (LDS), Federal Stafford Loans (Subsidized and/or Unsubsidized), Federal Parent Loan for Undergraduate Students (PLUS), and Federal Graduate PLUS Loan.

To be considered for federal loans, you must meet the following eligibility requirements as well as federal aid eligibility criteria (individual programs may have additional requirements):

  • File the FAFSA at www.fafsa.gov (file by March 1 to be considered for limited-fund, low-interest loan programs).
  • Be enrolled as a degree-seeking student (financial aid is typically not available for nondegree-seeking students)
  • Be enrolled in at least 6 credit hours as an undergraduate, pharmacy, or law student. (Graduate students may be eligible at less than 6 hours: see Graduate Studies policy).

To continue to receive a loan or be eligible for an in-school loan deferment, you must be enrolled in at least 6 hours each fall and spring semester. If you drop below 6 hours, your grace period and repayment schedule will begin.

Review the current Financial Aid Guide for details on award amounts and information regarding circumstances that may cause your aid to be adjusted or cancelled. If you withdraw from classes, you may be required to repay some or all of your aid. Review the Withdrawing and/or Dropping classes publication for details.

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