Federal Direct Loans


There are three types of Federal Direct Loans:

  • Subsidized Loan: the government pays the interest while the student is in college.
  • Unsubsidized Loan: the student is responsible for paying all interest on the loan, during and after college.
  • PLUS Loan: Parents may borrow for their children's college education under this program. The FAFSA form must be completed and parent must apply for PLUS loan on studentloans.gov

Students who qualify may receive all three types of loans at the same time. 

Note: If you’re a first-year undergraduate student and a first-time borrower, you will have to wait 30 days after the first day of your enrollment period (semester, trimester, etc.) for your first disbursement. 

Accepting a Federal Direct Loan

Below are the instructions for how to Accept/Decline your awards:

How to Accept/Decline Loan Instructions

Here are some tools that may also help with understanding Federal Loans:


Time Limitations

NOTE: Rose State College does not participate in any of the private education loans that require school authorization that are offered by lenders. Students should apply for all federally funded loans before utilizing any private loan options.

Exit Counseling for Federal Loans

If you are graduating, dropping below half-time enrollment (below 6 credit hours), or are leaving Rose State College; you will need to complete Loan Exit Counseling. The student will need to print out a copy of the completion of the exit counseling and bring it to the Financial Aid Office. There will be another form at our office to fill out and turn in with the Loan Exit Counseling.