US Federal Direct Loans
Subsidized, Unsubsidized, Grad PLUS and Parent PLUS
Federal Direct Loans are available to students through the U.S. Department of Education in the form of both subsidized and/or unsubsidized loans. Plus loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Loans are borrowed money that you must repay. SFU does not charge student or parent borrowers an origination fee to access US Federal Direct Loan funding.
The SFU US Federal Direct Loan Application is available online.
Foundations of US Federal Direct Loans
Subsidized and Unsubsidized loans
Subsidized loans are awarded to undergraduates only based on your financial need. There is no interest charged on these amounts while you are in school.
Unsubsidized loans are not based on financial need, and interest is incurred from the time the loan is disbursed until it is repaid in full.
See the Office of Federal Student Aid for information on subsidized and unsubsidized loans.
See the US Department of Education's Federal Student Loans: Basics for Students
Grad PLUS and Parent PLUS Loans
PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. The borrower is fully responsible for paying the interest regardless of the loan status. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Federal Student Aid Eligibility Requirements
The Federal Student Aid general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at your college or career school. There are more eligibility requirements you must meet to qualify for Federal Student Aid.
Eligibility for plus loans is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Federal Student Aid Borrowing Limits
The maximum amount you can borrow each year in Direct Subsidized and Unsubsidized Loans depends on your program and year of study (year level in your program) and on whether you are a dependent or independent student. The actual loan amount you are eligible to receive for an academic year is determined by SFU with your Cost of Attendance and may be less than the maximum amounts shown in the tables below.
Loan amounts listed below are in USD.
| Student/Year | Dependent Students *see note 1 |
Independent Students *see note 2 |
1st Year Undergraduate Annual Loan Limit |
$5,500 per year No more than $3,500 of this amount may be in subsidized loans. |
$9,500 per year No more than $3,500 of this amount may be in subsidized loans. |
2nd Year Undergraduate Annual Loan Limit |
$6,500 per year No more than $4,500 of this amount may be in subsidized loans. |
$10,500 per year No more than $4,500 of this amount may be in subsidized loans. |
3rd Year+ Undergraduate Annual Loan Limit |
$7,500 per year No more than $5,500 of this amount may be in subsidized loans. |
$12,500 per year No more than $5,500 of this amount may be in subsidized loans. |
Graduate or Professional Annual Loan Limit |
Not Applicable (all Graduate and Professional degree students are considered independent). | $20,500 per year Graduate or Professional students can borrow unsubsidized funding only. |
Subsidized and Unsubsidized Aggregate Loan Limit |
$31,000 No more than $23,000 of this amount may be in subsidized loans. |
$57,500 for undergraduates No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study. |
Grad PLUS and Parent PLUS: there are no set maximums on plus loans. However, a plus loan cannot exceed the Cost of Attendance minus any other aid.
Note 1: Except students whose parent(s) are unable to obtain Parent PLUS Loan
Note 2: Including dependent undergraduate students whose parent(s) are unable to obtain Parent PLUS Loans
Cost of Attendance (COA)
The Cost of Attendance (COA) is an estimate of school-related expenses the student can expect to have for the loan period requested. The COA is composed of the following categories: tuition and fees, books and supplies, room and board, transportation, loan fees and personal expenses.
Educational Costs + Loan Fees + Living Expenses = COA
Upon receipt of a complete application, your COA is calculated by SFU Financial Aid and Awards.
Your assessment for US Federal Direct Loan funding is based on your COA minus your Expected Financial Assistance (EFA). Your EFA will include financial resources such as yearly based athletic and merit-based scholarships, bursaries, and awards.
enrolment Requirements
Students must be in an eligible program and enrolled in a minimum half-time course load for each term funding is required.
| Program | Half-Time | Three-Quarter Time | Full-Time |
| Undergraduate | 8 - 11 eligible units | 12 - 14 eligible units | 15+ eligible units |
| Graduate - Per Unit | 5 eligible units | 6 - 9 eligible units | 10+ eligible units |
Graduate students enrolled in a research-based program are considered to be Full-Time if registered in an eligible program for the term.
If your course load falls below the required half-time enrolment, or you withdraw completely please visit US Federal Direct Loans: Withdrawing for further information, and contact Financial Aid and Awards as soon as possible.
Ineligible Courses and Programs
There are restrictions on the University's ability to offer U.S. Federal Direct Loan funds to students registered in certain courses or programs. U.S. Federal Direct Loan funding is limited to students enrolling full-time in most Bachelor’s, Master’s or PhD programs. Students with ineligible courses, or that are enrolled in an ineligible program may be eligible for Private Loan funding.
Please note the following are NOT ELIGIBLE for U.S. Federal Direct Loans:
- Distance education and online courses (more information is available at US Federal Direct Loans: Distance Education and Online Courses).
- Courses you are repeating (the course may be considered based on a successful appeal through Financial Aid and Awards)
- Co-op courses (placements, internships, practicums)
- Courses involving study in the U.S. (with limited exceptions)
- Any non-degree, certificate, diploma, distance education, online or continuing studies program
Student Responsibilities
It is your responsibility to maintain your eligibility for US Federal Direct Loans.
You must inform Federal Student Aid of any corrections or updates to your original FAFSA that may impact your eligibility as a borrower or the amounts you are eligible to borrow.
You must inform SFU Financial Aid of any changes to your original application that may impact your eligibility as a borrower or the amounts you are eligible to borrow. This would include, but are not limited to:
- The amount of Estimated Financial Aid (EFA) you received or expect to receive; and
- ANY changes to your program, registration and/or course load.
Students in receipt of Federal Student Aid while attending SFU must maintain Satisfactory Academic Progress (SAP) to be eligible to continue to receive aid.
You are required to keep up-to-date, consistent contact information with the U.S. Department of Education, SFU and your Student Loan Servicers.
Contact Information Tip
Your address in the NSLDS system would be your permanent (usually a) U.S. address. In the Student Information System, your home/permanent address is where you would enter your permanent, U.S. address (this should match the address you have in NSLDS). Your mailing address in the Student Information System should indicate where you currently live.