Direct Loans

Subsidized and Unsubsidized Federal Direct Loans are for eligible students to help cover the cost of higher education. Federal student loans are funded by the federal government.

How do I apply for a Federal Direct Loan?

  • Complete the Free Application for Federal Student Aid (FAFSA).
  • Complete Entrance Loan Counseling  - Federal regulations require that ALL first-time Kennesaw State University Federal Direct Stafford Loan borrowers complete Stafford Entrance Loan Counseling before being awarded a Federal Direct Stafford Loan. An electronic confirmation will transmitted to the Financial Aid Office within 24 hours.
  • Complete your Master Promissory Note. This will only need to be completed once while you attend Kennesaw State University. 

Maximum annual Federal Direct Loan limits for students:

  • Dependent Student
  • Academic Level
    Annual Limit
    Subsidized &
    Unsubsidized
    Annual Limit
    Additional
    Unsubsidized
    Total
    Annual
    Limit
  • Freshman
    (≤ 29 credit hours earned)
    $3,500
    $2,000
    $5,500
  • Sophomore
    (≤ 59 credits earned)
    $4,500
    $2,000
    $6,500
  • Junior
    (accepted to a Bachelor’s
    program, 60+ credits)
    $ 5,500
    $2,000
    $7,500
  • Senior
    (accepted to a Bachelor’s
    program, 90+ credits)
    $ 5,500
    $2,000
    $7,500
  • Note: Additional Unsubsidized Loan funds of up to $4000.00 per year, (not included in chart) may be available for students whose parents are denied a Parent Loan for Undergraduate Students (PLUS).

 

  • Independent Student
  • Freshman
    (≤ 29 credit hours earned)
    $3,500
    $ 6,000
    $ 9,500
  • Sophomore
    (≤ 59 credits earned)
    $4,500
    $ 6,000
    $ 10,500
  • Junior
    (accepted to a Bachelor’s
    program, 60+ credits)
    $5,500
    $ 7,000
    $ 12,500
  • Senior
    (accepted to a Bachelor’s
    program, 90+ credits)
    $5,500
    $ 7,000
    $ 12,500

Loan Proration for Graduating Borrowers

Per federal regulation KSU is required to prorate a dependent or independent undergraduate student's annual Stafford loan limits, when they are enrolled in one semester and will graduate in the same academic year. This mostly will affect students that will graduate from their program of study at the end of the fall term.

  • Loan Proration Formula:
  • Number of credit hours student enrolled for undergraduate / *Number of credit hours in an academic year (24) X annual Stafford loan limit

Examples for Students Enrolled Full-Time

  • Example of dependent student proration calculation:
  • 12 credits enrolled / 24* X 5500 subsidized loan = $2750
  • 12 credits enrolled / 24* X 2000 unsubsidized loan = $1000 

 

  • Example of independent student proration calculation:
  • 12 credits enrolled / 24* X 5500 subsidized loan = $2750
  • 12 credits enrolled / 24* X 7000 unsubsidized loan = $350

Examples for Students Enrolled Three-Quarter Time

  • Example of dependent student proration calculation:
  • 9 credits enrolled / 24* X 5500 subsidized loan = $2062
  • 9 credits enrolled / 24* X 2000 unsubsidized loan = $750

 

  • Example of independent student proration calculation:
  • 9 credits enrolled / 24* X 5500 subsidized loan = $2062
  • 9 credits enrolled / 24* X 7000 unsubsidized loan = $2625

Examples for Students Enrolled Half-Time

  • Example of dependent student proration calculation:
  • 6 credits enrolled / 24* X 5500 subsidized loan = $1375
  • 6 credits enrolled / 24* X 2000 unsubsidized loan = $500

 

  • Example of independent student proration calculation:
  • 6 credits enrolled / 24* X 5500 subsidized loan = $1375
  • 6 credits enrolled / 24* X 7000 unsubsidized loan = $1750


For more information please visit the Federal Student Aid Website.

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