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State and Federal Financial Aid

Prior to taking out a federal student loan, be sure to understand what educational funding you could receive from the state of Florida as well as what is involved in the application process by consulting the information below. If you have any questions concerning state or federal financial aid, please contact our Office of Student Financial Services at sfs@seu.edu or 800.500.8760.

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Federal Direct Subsidized and Unsubsidized Loans

  • Criteria: Must file FAFSA and complete additional loan requirements.
  • Repayment: Loan repayment can be deferred until six months after student graduates or drops below half-time enrollment.

Federal Direct SUBSIDIZED Loans – For undergraduate students with financial need. The U.S. Department of Education generally pays the interest while a student is in school at least half time and during certain other periods. Interest rate varies from year to year but is fixed for the life of the loan. Interest does not begin accruing until you graduate or drop below half-time attendance.

Federal Direct UNSUBSIDIZED Loans – For undergraduate and graduate or professional students; non-need based. Interest begins accruing as soon as the loan is disbursed, and borrower is responsible for all interest. Interest rate varies from year to year but is fixed for the life of the loan.


Maximum Total Award Amounts per Year, based on eligibility:

Undergraduate, Dependent Students:

  • Freshman (1-31 credit hours): up to $5,500 (maximum $3,500 in subsidized loans)
  • Sophomore (32-63 credit hours): up to $6,500 (maximum $4,500 in subsidized loans)
  • Junior/Senior (64+ credit hours): up to $7,500 (maximum $5,500 in subsidized loans)

Undergraduate, Independent Students:

  • Freshmen (1-31 credit hours): up to $9,500 (maximum $3,500 in subsidized loans)
  • Sophomore (32-63 credit hours): up to $10,500 (maximum $4,500 in subsidized loans)
  • Junior/Senior (64+ credit hours): up to $12,500 (maximum $5,500 in subsidized loans)

Graduate/Professional Students: $20,500 (unsubsidized only)


Subsidized and Unsubsidized Aggregate Loan Limits

  • Undergraduate, Dependent Students: $31,000 (maximum $23,000 may be in subsidized loans)
  • Undergraduate, Independent Students: $57,500 (maximum $23,000 may be in subsidized loans)
  • Graduate/Professional Students: $138,500 (maximum $65,500 may be in subsidized loans). The graduate/professional aggregate limit includes all federal loans received for undergraduate study.

Additional Loan Information
Use your FSA ID to log in to studentloans.gov for additional loan information.

BEFORE a student can take out a federal direct subsidized/unsubsidized student loan that they have been offered, they must complete the following:

  • Federal Direct Loan Student Electronic Entrance Counseling

    You complete this by reading information and answering questions regarding student loans. You must do this before taking out a government loan.

    studentloans.gov – Use your student FSA ID.

  • Federal Direct Loan Student eMPN (Master Promissory Note)

    If you want to take out any student loans (subsidized or unsubsidized), you must complete this loan application. By doing so, you agree to all terms and conditions.

    studentloans.gov – Use your student FSA ID.

  • Federal Direct Loan Parent PLUS Loan Application***

    This is the first step in determining whether a parent is eligible to receive the federal direct loan parent PLUS loan.

    studentloans.gov – Use your student FSA ID.

  • Federal Direct Loan Parent PLUS eMPN (Master Promissory Note)***

    After a parent has filled out the federal direct loan parent PLUS loan application and received the credit approval, he or she can take out this loan by completing the form.** Parents must do this before taking out this government loan.

    studentloans.gov – Use your student FSA ID.

  • Federal Direct Loan Parent PLUS Credit Approval***

    This is not a form. It’s an automatic action that results when a parent fills out the federal direct loan parent PLUS loan application. The federal government will either approve or deny the parent this loan based on his or her credit history. If a parent is denied the loan, a student may be offered up to $5,000 more in unsubsidized student loans.

Program Information
This is for parents of dependent undergraduate students and for graduate or professional students. The borrower is responsible for all interest. The student must be enrolled at least half-time. Financial need is not required. The borrower must not have an adverse credit history. Interest rate varies by year. For more information, click here.

Award Amount Per Year
Maximum amount is cost of attendance minus any other financial aid received.

Criteria: Based on credit after the FAFSA is filed.

studentloans.gov – Use your student FSA ID.

FastChoice

This provides a list of the university’s preferred private lenders and allows current students and prospective students to apply for a private alternative loan. We encourage all students to investigate federal loan options first before making a decision.

choice.fastproducts.org

NOTE: If you change grade levels mid-year, you may be eligible for an increase in your loan amount. Contact sfs@seu.edu for more information.

* A completed, accurate Free Application for Federal Student Aid (FAFSA) is required for all state funding.
** You may take a loan for as little as or as much as is needed up to the maximum amount you are offered.
*** This form or process is required each year.

Federal regulations for financial aid require that you immediately notify SEU’s student financial services office if you receive, or will receive, any scholarships/awards, waivers, grants or other funds not listed in your SEU financial aid award letter. Failure to do so could result in your having to repay to the university funds that have already been disbursed.