Skip to content

Office of Financial Aid

Understanding Your Award Letter

Federal Direct Stafford Loans

A federal Direct loan is a guaranteed student loan available to students attending Keuka College at least half time. Federal Direct loans have a low, fixed interest rate and deferred payments while the student is in school. The annual federal Direct loan limits for the 2014-2015 academic year are as follows:

Dependent

0-25 credits $5,500 (up to $3,500 subsidized)
26-54 credits $6,500 (up to $4,500 subsidized)
55-83 credits $7,500 (up to $5,500 subsidized)
84 + credits $7,500 (up to $5,500 subsidized)

Independent

0-25 credits $9,500 (up to $3,500 subsidized)
26-54 credits $10,500 (up to $4,500 subsidized)
55-83 credits $12,500 (up to $5,500 subsidized)
84 + credits $12,500 (up to $5,500 subsidized)
Graduate $20,500 (all unsubsidized)

* Eligible credits are determined by the Office of the Registrar

Aggregate Limits for Stafford Loans

Subsidized Base Amount Total (subsidized and unsubsidized)
Dependent Undergraduates $23,000 $31,000
Independent Undergrads & Dependent Undergrads without access to Parent PLUS $23,000 $57,500
Graduate and Professional Students $65,500 $138,500

There are two types of Federal Direct Loans:

First-time borrowers of Direct Loans will need to complete a master promissory note and entrance counseling online www.studentloans.gov