William D. Ford Direct Loan Program

(Subsidized and Unsubsidized)


This program enables students to obtain long-term, low-interest loans to help meet their educational expenses.  Any student who is enrolled at Cardinal Stritch University at least half time in a degree or certificate program, who is a citizen or a permanent resident of the U.S., and is not in default on another federal student loan may apply.

Applicants must maintain satisfactory academic progress.  A student's financial aid package must be completed prior to approving the amount of the loan since loan amounts are dependent upon other aid received.

The subsidized Direct loan is a need-based loan where interest on the loan is paid by the federal government while the student is in school at least half time.  The current interest rate is fixed.

The unsubsidized Direct loan is available regardless of need.  Interest will accrue while the student is in school.  Students are able to make arrangements to pay the interest as it accrues or they can defer that interest and it will be capitalized prior to repayment.  The current interest rate is fixed.

Any federal student loans borrowed are submitted to the National Student Loan Data System (NSLDS) for required reporting purposes.  This information is accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.  The National Student Loan Data System (NSLDS) provides information on your federal loan amounts, outstanding balances, loan statuses and disbursements.  You can access your loan information by going to NSLDS online. 

Cardinal Stritch University adheres to the National Association of Student Financial Aid Administrators code of conduct.  

More information on the Direct loan program can be found at http://www.direct.ed.gov/