William D. Ford Federal Direct Loan Program

Unsubsidized William D. Ford Federal Direct Loans
Criteria

• Non-need based loan
• Interest begins to accrue once the loan is disbursed
• Fixed interest rate of 6.80%
• Repayment begins six months after a student drops below six credit hours
  
  

Application
The student must complete the Free Application for Federal Student Aid (FAFSA) to be considered for Federal Direct Loans. The FAFSA can be completed at Apply for Financial Aid. Be sure to include the Defiance College school code, 003041. If you are eligible to receive a Federal Direct Loan, we will automatically process the loan for you. If you do not want or need the loan, simple contact our office and we will cancel it.

Students that have not previously borrowed Federal Direct Loans will also need to complete Entrance Loan Counseling. The Counseling session covers information on your rights and responsibilities as a student loan borrower. This must be complete before loan funds can be disbursed. Complete online at Applying for a Direct Loan/Information.

Also, if you are a first-time student at Defiance College, you will need to complete a Master Promissory Note (MPN). Loan funds will not be disbursed until you complete the MPN. The MPN will require your PIN and two references. Complete online at Applying for a Direct Loan/Information.

A student’s class rank determines the amount that may be borrowed. Learn More...

Federal Student Aid Apply For FAFSA SCHOOL CODE: 003041 PRIORITY DEADLINE: APRIL 1 financialaid@defiance.edu   Defiance College admits students regardless of race, color, creed, sex, national or ethnic origin, sexual orientation, or disability.