Dependent Students

Are available to students who were either limited or determined to be ineligible for the Federal Subsidized Loan. The amounts per grade level are the same as for the Federal Subsidized Loan; however, the student is responsible for interest charges while in school. Interest may be paid by the student or deferred and capitalized. The interest rate is set at a fixed rate with a default fee subtracted by the federal government before the loan is disbursed to the student account. Additionally, all undergraduate dependent students are eligible to borrow $2,000 of unsubsidized loans beyond the subsidized limits established.