Subsidized Loans

Subsidized direct loans

This is a need-based loan. To qualify, a student must have a financial need as defined by federal regulations. The federal government pays the interest on this loan for the student while enrolled at least half time in school and until the student begins repayment six months after leaving school. Interest will also be paid during qualified deferment periods.

How to Apply for a Direct Subsidized Loan

1. Complete the Free Application for Federal Student Aid (FAFSA).

2. You will be sent an award letter by the Financial aid Office. Follow the instructions and accept, decline, or accept a partial amount of the offered loan.

3. Once you have confirmed the amount that you want to borrow, we will electronically transmit the loan application data to the U.S. Department of Education.

4. First-time Direct Stafford Loan borrowers
must complete an Electronic Master Promissory Note (e-MPN).
This can be done online by visiting

. You will need your PIN to sign in; this is the same PIN used to complete the FAFSA.

5. Federal regulations require that first-time Stafford borrowers
complete Loan Entrance Counseling
before receiving any loan proceeds. To complete the Direct Stafford Loan Entrance Counseling, visit

. You will need your PIN to sign in; this is the same PIN used to complete the FAFSA. The Financial Aid Office will be notified when you have completed your Entrance Counseling.

Annual and Aggregate Loan Limits for Direct Subsidized Stafford Loans and
Direct Unsubsidized Stafford Loans


Dependent Undergraduate Students

Independent Undergraduate Students
(and dependent students whose parents cannot borrow PLUS loans)


(maximum $3,500 subsidized)

(maximum $3,500 subsidized)


(maximum $4,500 subsidized)

(maximum $4,500 subsidized)

Juniors and Seniors

(maximum $5,500 subsidized)

(maximum $5,500 subsidized)

Aggregate Loan Limits

(maximum $23,000 subsidized)

(maximum $23,000 subsidized



What are the interest rates for federal student loans?

Congress has passed and the President has signed the Bipartisan Student Loan Certainty Act of 2013, which ties federal student loan
rates to financial markets. Under this Act, interest rates will be determined each spring for new loans being made for the upcoming award year
, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate
for the life of the loan.

The following table provides the interest rates for new Direct Loans made on or after July 1, 2014, and before July 1, 2015. These rates will apply to all new Direct Loans made during this time.


Interest Rate

Direct Subsidized Loans (Undergraduates)


Direct Unsubsidized Loans (Undergraduates)


Direct Unsubsidized Loans (Graduate or Professional Students)


Direct PLUS Loans (Parents and Graduate or Professional Students)



Are there any other fees for federal student loans?

Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You're responsible for repaying the entire amount you borrowed and not just the amount you received.


The chart below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after Dec. 1, 2013.

Loan Type

First Disbursement Date

Loan Fee

Direct Subsidized Loans and Direct Unsubsidized Loans

On or after 12/1/13 and before 10/1/14


On or after 10/1/14 and before 10/1/15


Direct PLUS Loans

On or after 12/1/13 and before 10/1/14


On or after 10/1/14 and before 10/1/15


Loans first disbursed prior to Dec. 1, 2013, have different loan fees.










Apply Now

Undergraduate Programs

First time freshmen, transfer students and students who wish to apply for associate or bachelor’s degree programs.

Graduate Programs

Students who wish to apply for master’s degree programs or advanced certifications.

Online Programs

Students who wish to apply for our online-only degree programs.

Request Information

There’s no better time than now to take the next step in your education. Request information for a Medaille College program below...

Undergraduate Programs
First-time freshmen and transfer students looking for the full on-campus college experience.

Adult and Graduate Programs
Working professionals and adults who've been out of school for a while, looking to advance their careers.

Online Programs
Students looking to earn a degree entirely online.

Visit Medaille

Undergraduate Programs

High school students and transfer students who want to enroll in day classes at the Buffalo campus.

Adult and Graduate Programs

Adult learners applying to our undergraduate or graduate degree programs at either our Buffalo or Rochester campuses.

Online Programs

Adult learners applying to our online undergraduate or graduate degree programs.