Financial Aid at Aquinas College

Federal Direct Loan Program

Subsidized and unsubsidized loan eligibility is determined by a student’s number of credits earned and financial need as determined by the FAFSA. Dependent undergraduate students may be eligible to borrow up to $5,500 as a freshman, $6,500 as a sophomore and $7,500 each year as a junior and senior for a total aggregate of $31,000.

  • Loans disbursed between July 1, 2021 and July 1, 2022 have a fixed interest rate of 2.75% for subsidized and unsubsidized.
  • The federal government will pay the interest on a subsidized loan while the student is attending college at least half time.
  • Repayment begins no later than 6 months after graduation or reduction in class load to less than half time enrollment status.
  • Independent students may have additional unsubsidized eligibility depending on grade level and enrollment status. Contact the Financial Aid Office if you have questions about your eligibility.

Steps to Complete Loans

  • Entrance counseling, a Master Promissory Note, and a direct loan request form needs to be completed for all new borrowers. Returning students need only to complete a direct loan request form
  • Go to to complete the entrance counseling and the Master Promissory Note. You will login to this government site with your FSA ID

The direct subsidized/unsubsidized loan origination fee is 1.059% for loans disbursed on or after October 1st, 2019.  Note: The origination fee is deducted up front from the amount you borrow

  • Direct Loan requests should only be completed by students who are accepted to Aquinas College and have completed the Free Application for Federal Student Aid (FAFSA) for the current academic year.
  • If you discontinue your education for any reason, you should contact the Financial Aid Office regarding your loans.  You will also be required to complete an exit loan counseling form.


  • Aquinas College automatically reports student enrollment status on a monthly basis to the National Student Loan Clearinghouse
  • An in-school deferment for loans are available and forms may be obtained from your servicer online
  • If you don’t know who your servicer is you can find detailed information regarding your loans at (you will need to login to this government site with your FSA ID)

Title IV Loan School Code of Conduct

Click here to read the full code of conduct.