Federal Loans

Direct Loan Program

Direct loans are available to all students who complete the FAFSA. These loans have a low interest rate and help students pay for the cost of a college education. There are two categories of a direct loan: subsidized and unsubsidized. 

Subsidized loan: the government pays interest while the student is in college
Unsubsidized loan: the student is responsible for interest while in college 

First-time borrowers are required to complete Entrance Counseling and a Master Promissory Note (MPN) to take out a direct loan. Entrance counseling will give you, the borrower, important information about your rights and responsibilities as you take out a Federal Direct Loan. It is legally required and should be completed by you, the student. Once you complete entrance counseling, continue on and complete the Master Promissory Note (MPN). When completing the MPN, the borrower is agreeing to repay the borrowed funds, including any applicable interest and fees. While Kuyper College will list the maximum loan you may borrow on your financial aid package, we strongly urge that you do not borrow more than you need. The link below will direct you to the site that provides access to entrance counseling and the direct loan MPN. You will be required to login with your four-digit PIN. 

Though the lender is the U.S. Department of Education, your loan servicer may be a private business.

Loan Repayment: Repayment begins 6 months after the student drops below 6 credit hours, graduates or leaves school.

Information on direct loans, entrance counseling and the Master Promissory Note can be found here 

Direct PLUS Loans

The Direct PLUS Loan is for parents to help pay for the cost of a dependent student's education. After the student has applied for the Federal Direct Loan, if there is still additional funding needs, parents can borrow on behalf of their dependent student through the Federal Direct PLUS Loan program. If the parent is denied a PLUS loan, the student will be eligible to borrow an additional $4,000 through their Unsubsidized Direct Loan. The link below will guide you to the Direct PLUS Loan application. You will be required to login with your four-digit PIN to begin the application process.

Information on Direct PLUS Loans can be found here.