Federal Student Loans include Federal PLUS Loans and two types of Federal Direct Loans available to undergraduate and/or graduate borrowers who satisfy eligibility requirements. (The Federal Perkins Loan has been discontinued and is no longer available unless it is re-authorized in new Federal legislation.)
The amount that may be borrowed will depend on limits set by Federal legislation and Florida Tech's calculation of the student's Cost of Attendance. The Cost of Attendance limits the amount of financial aid a student is eligible to receive each year including the Direct Loan and the total of all other loans, scholarships and grants from Federal, state, Florida Tech and outside sources.
Direct Loan interest rates, and any associated fees, are set by Federal legislation and subject to change each year. Current rate and fee information is available from our financial aid counselors and from StudentAid.ed.gov at https://studentaid.ed.gov/sa/types/loans/interest-rates.
Students must complete all steps below before their loan will Memo or Disburse on their student account. If you are ready to begin, proceed to the steps below. For more information see Subsidized and Unsubsidized Loans at StudentAid.Ed.gov.