Federal Loans for Continuing Education Students

These loans are administered by the U.S. Department of Education, and they are federally funded. These loans, known typically as Direct Loans (for students) and Federal PLUS (for parents) and Federal GradPLUS Loans (for graduate students) require repayment of the full amount of the loan. You can decline or reduce Direct Loans offered on your award letter without impacting any other forms of aid offered to you by either completing the Financial Aid Change Request Form or send an email to studentloans@curry.edu with your request.

Each Direct Loan borrower is entitled to a six-month grace period which begins the day you graduate, withdraw** or become enrolled less than half-time. While the borrower is in a grace period, no payment is made. Students who cease to be enrolled less than half time (6 credits) for any reason are required to complete Direct Loan Exit Counseling at studentaid.gov/exit-counseling.

Additional information on Repayment, Repayment Plans and Repayment Plan Calculators is available at studentaid.gov.

**Note: Official withdrawal is made with the Registrar's Office at the College. Additionally, you should visit the Student Financial Services Office to discuss your status change and how it impacts your student loans.

View additional information about this loan at Studentaid.gov

For more information about these loans, contact the U.S. Department of Education's Student Support Center at 800-557-7394.

A federally funded and administered loan awarded by the institution to students who demonstrate need, meet eligibility requirements and are enrolled at least halftime in a degree program. A Free Application for Student Aid (FAFSA) must be filed with the school. Interest and principal are subsidized by the government until the student ceases to be enrolled at least half-time and during the grace period. Note: If you received a Direct Subsidized Loan that was first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

First-time borrowers at the College must complete Entrance Counseling and sign a Master Promissory Note (MPN) before funds can be disbursed. Loan funds come directly from the federal government and are paid by crediting the student's account. For first-time enrolled students, the amount of the loan awarded will be credited to the student's Curry College account approximately 30 days after the start of the semester. For all other students, loan funds will be credited to the student's account no earlier than ten days prior to the start of the semester.

Award amounts:

Freshmen (0-29.5 credits)
- Dependent Student - up to $5,500
- Independent Student - up to $9,500
Sophomores (30-59.5 credits)
- Dependent Student - up to $6,500
- Independent Student - up to $10,500
Juniors & Seniors (60-120 credits)
- Dependent Student - up to $7,500
- Independent Student - up to $12,500
Graduate Students
- Dependent Student - N/A
- Independent Student - up to $20,500

Terms:

Principal may be deferred until student ceases to be enrolled
Fixed interest rate of 6.39% (rate remains fixed during the loan period, but rates for new loans reset on July 1)
Interest is paid by the government
Repayment begins 6 months after the student graduates, withdraws or stops attending school at least half-time with a $50 minimum monthly payment
Up to a 10 year repayment period
A 1.057% fee will be deducted from loan proceeds prior to disbursement
Undergraduate students who are enrolled less than full-time (12+ credits) per semester will have their Direct Loan amount prorated based on the number of credits enrolled during the semester.

Aggregate Loan Limits - Federal Direct Stafford Loans

	Combined Base Limit for Federal Direct Subsidized and Federal Direct Unsubsidized Loans	Additional Limit for Federal Direct Unsubsidized Loans	Total Limit for Federal Direct Unsubsidized Loans(minus Federal Direct Unsubsidized amounts)
Dependent Undergraduate Students (whose parents were not denied a PLUS loan)	$23,000	$8,000	$31,000
Independent Undergraduate Students (and dependent students whose parents were denied a PLUS loan)	$23,000	$34,500	$57,500
Graduate and Professional Students	$65,500 (including undergraduate Stafford loans)	$73,000	$138,500/$100,000

The aggregate loan limit for borrowers with a Direct Loan disbursement prior to July 1, 2026 is $138,500. New graduate borrowers who have their first Direct Loan disbursement after July 1, 2026 have an aggregate limit of $100,000.

Entrance Counseling Requirement:

Federal Direct Loan Entrance Counseling is a Federal requirement for all students borrowing a Federal Direct Subsidized and/or Unsubsidized Stafford Loan for the first time at Curry College. Students are required to complete Federal Direct Loan Entrance Counseling before the proceeds from the Federal Direct Loan can be disbursed to the student account.

The Federal Direct Stafford Loan Master Promissory Note (MPN) is a legally binding agreement to repay the student loan. This agreement is between the student and the Department of Education. A parent cannot complete the Federal Direct Stafford Loan Master Promissory Note (or Entrance Counseling) on the student's behalf. Once the student borrower signs the MPN for enrollment at Curry College, she/he will not need to sign again as long as she/he remains continuously enrolled at the College in a degree program.

To complete your Federal Direct Stafford Loan Entrance Counseling and Master Promissory Note go to Studentaid.gov. Follow these step by step instructions for the Entrance Counseling and Master Promissory Note processes.

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Please note that Federal Direct Loan funds will not be disbursed to your student account until you have completed the Entrance Counseling requirement, the Federal Direct Loan Promissory note and received confirmation from the Department of Education that both requirements have been satisfactorily completed.

Exit Counseling Requirement:
Any student who ceases to be enrolled at least half-time in a degree program and who borrowed a federal student loan (FFELP and/or Federal Direct) subsidized and/or unsubsidized at any time while enrolled at the College is required to complete Loan Exit Counseling either online at studentaid.gov/exit-counseling.

Information that you borrowed from the Federal Direct Loan Program will be sent to the National Student Loan Data System (NSLDS), and will be accessible by guarantee agencies, lenders and institutions determined to be authorized users if the data system.

How Much Have I Borrowed? Retrieve Your Loan Information To assess your information on this site you will need your FSA ID.

A federal funded loan, not need-based, available to eligible student borrowers, enrolled at least half time. A Free Application for Federal Student Aid (FAFSA) must be filed with the school the student plans to attend. First time borrowers at the College must complete an entrance interview and sign a Master Promissory Note (MPN) before funds can be disbursed. For newly enrolled students, the amount of the loan awarded will be credited to the student's Curry College account approximately thirty days after the start of the semester. For all other students, loan funds will be credited to the student's account no earlier than ten days prior to the start of the semester.

Award amounts:

Freshmen (0-29.5 credits)
- Dependent Student - up to $5,500
- Independent Student - up to $9,500
Sophomores (30-59.5 credits)
- Dependent Student - up to $6,500
- Independent Student - up to $10,500
Juniors & Seniors (60-120 credits)
- Dependent Student - up to $7,500
- Independent Student - up to $12,500
Graduate Students
- Dependent Student - N/A
- Independent Student - up to $20,500

Terms:

Interest and principal may be deferred until student ceases to be enrolled
Interest accrues during in-school grace and deferment periods
Fixed interest rate of 6.39% (rate remains fixed during the loan period, but rates for new loans reset on July 1)
Interest is not paid by the government. Borrower is responsible for all interest payments
Repayment begins 6 months after the student graduates, withdraws or stops attending school at least half-time with a $50 minimum monthly payment
Up to a 10 year repayment period
A 1.057% fee will be deducted from loan proceeds prior to disbursement
Undergraduate students who are enrolled less than full-time (12+ credits) per semester will have their Direct Loan amount prorated based on the number of credits enrolled during the semester.

Aggregate Loan Limits - Federal Direct Stafford Loans

	Combined Base Limit for Federal Direct Subsidized and Federal Direct Unsubsidized Loans	Additional Limit for Federal Direct Unsubsidized Loans	Total Limit for Federal Direct Unsubsidized Loans(minus Federal Direct Unsubsidized amounts)
Dependent Undergraduate Students (whose parents were not denied a PLUS loan)	$23,000	$8,000	$31,000
Independent Undergraduate Students (and dependent students whose parents were denied a PLUS loan)	$23,000	$34,500	$57,500
Graduate and Professional Students	$65,500 (including undergraduate Stafford loans)	$73,000	$138,500/$100,000