Direct Student Loans are loans available to undergraduate and graduate students with the US Department of Education acting as the lender. There are two types of Direct Student Loans - Subsidized and Unsubsidized.
Direct Subsidized Loans are need-based loans available to undergraduate students. The US Department of Education pays the interest while you are in school at least half time, for the first six months after you leave school (also known as grace period), and during periods of deferment. Payments are automatically deferred while you are in school at least half time. Undergraduate borrowers may receive the interest subsidy for up to 150% of the published length of their program (6 years for most students at the University of Portland; varies by program and student type).
Interest rates and origination fees are subject to change. Use our Loan Fee Calculator to help determine your origination fees when figuring loan amounts.
Direct Unsubsidized Loans are non-need-based loans available to undergraduate and graduate students. You (the borrower) are responsible for the interest from the disbursement date, including while you are in school, during your grace period, and during periods of deferment. Payments are automatically deferred while you are in school at least half time but interest will accrue on the balance of the loan.
Interest rates and origination fees are subject to change. Use our Loan Fee Calculator to help determine your origination fees when figuring loan amounts.
To be considered for Direct Subsidized and/or Unsubsidized Student Loans, students must:
To qualify for Direct Subsidized and/or Unsubsidized Student Loans, students must:
Award amounts vary by dependency status, level, and enrollment. See the chart below for award amounts and aggregate limits.
| Dependent | Annual Loan Limit |
|---|---|
| First-year (0-29 credits) | $5,500 (up to$3,500 can be subsidized) |
| Second-year (30-59 credits) | $6,500 (up to$4,500 can be subsidized) |
| Third-year and beyond (60+ credits) | $7,500 (up to$5,500 can be subsidized) |
| Independent | Annual Loan Limit |
|---|---|
| First-year (0-29 credits) | $9,500 (up to$3,500 can be subsidized) |
| Second-year (30-59 credits) | $10,500 (up to$4,500 can be subsidized) |
| Third-year and beyond (60+ credits) | $12,500 (up to$5,500 can be subsidized) |
| Graduate or Professional | Annual Loan Limit |
|---|---|
| Any Year | $20,500 |
| Student Type | Lifetime Aggregate Limits |
|---|---|
| Undergraduate (dependent) | $31,000 (up to $23,000 can be subsidized) |
| Undergraduate (independent) | $57,500 (up to $23,000 can be subsidized) |
| Graduate or professional** | $138,500 (up to $65,500 can be subsidized) |
*Independent loan limits also apply to undergraduate students whose parents are unable to borrow through the PLUS program because of a credit denial.
**Aggregate loan limits for graduate students include loans received for undergraduate course work.
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5000 N. Willamette Blvd.,
Portland, Oregon 97203-5798
503.943.8000
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