Direct Loan Eligibility

In order to borrow Federal Direct Loans, you must
  • Be a U.S. citizen or a U.S. permanent resident (with a green card)
  • Have a valid Social Security Number
  • File a FAFSA (Free Application for Federal Student Aid) each academic year
  • Be enrolled at least half time (a minimum of 4.5 credits per semester). If you take less than 4.5 credits, you will not be eligible to apply for federal loans and additionally, any previous loans you borrowed will enter their grace period.
  • Be below the aggregate borrowing limit ($65,500 subsidized, $138,500 combined)
  • Meet satisfactory academic progress as defined in the Stern Bulletin
  • Comply with Selective Service Registration, if required
  • Must not be in default on a federal student loan