Financial Aid Loan Programs

A number of loan programs are available to assist BSU students

Bridgewater State University participates in the William D. Ford Direct Loan Program. This program allows students and parents to apply for federal loans directly through the Financial Aid Office. The Direct Loan Program has a loan servicer that manages repayment of loans. These centers can be reached at 1.800.848.0979. More information about the Direct Loan Program is available through the university's website or at www.studentloans.gov.

Loans are available to eligible* students in two forms: Direct Subsidized Loans and Direct Unsubsidized Loans. For loans available to parents, please see the Direct PLUS Loan described below. Direct Subsidized Loans are available to undergraduate students who demonstrate financial need and eligibility. The federal government pays interest on the loan during in-school and deferment periods. The student pays an origination fee. Check with the Financial Aid Office for fees and interest rates on Direct Subsidized and Unsubsidized loans. Loan limits are based on grade level: $3,500 for freshmen; $4,500 for sophomores; $5,500 for juniors, seniors and post bachelor's students. The amount that a student may borrow can be affected by the student's expected costs, other resources for college and receipt of other financial aid.

* Eligible student is a U.S. citizen or eligible noncitizen, is matriculated and enrolled at least ½ time, not in default of student loans and owes no refund on federal grants

Direct Unsubsidized Loans allow all eligible* students, regardless of income, to obtain a student loan after having applied for financial aid. The student pays the interest during in-school and deferment periods or has it capitalized. The student pays an origination fee. The loan limits are the same as for the Direct Subsidized Loan. Graduate students are eligible to borrow up to $20,500. The amount that a student may borrow may be affected by the student's expected costs, other resources for college and receipt of other financial aid.

In addition, dependent undergraduate students may request an additional $2,000. Students who are independent or who are dependent and whose parents are denied a Direct PLUS Loan may qualify to borrow an additional unsubsidized Direct Loan up to the following limits: $4,000 for each of the freshman and sophomore years; $5,000 for each of the junior and senior years and post bachelor's programs. The maximum amount that a student can borrow may be affected by the student's expected costs, other resources for college, and receipt of other financial aid. A student may not borrow more than the grade level loan limit for Direct Subsidized/Unsubsidized Loans, or a combination of both.

* Eligible student is a U.S. citizen or eligible noncitizen, is matriculated and enrolled at least ½ time, not in default of student loans and owes no refund on federal grants

To Apply:

Direct PLUS Loans are available through the university to parents of undergraduate dependent students. The loan is based on a successful credit check for the parent applicant. The maximum loan limit is the cost of education minus other resources for college and any other financial aid received. There is an origination fee of four percent paid by the applicant. Repayment begins within 60 days of the final disbursement, or the parent may request a deferment through the Direct Loan Servicer. Check with the Financial Aid Office for current interest rates.

To Apply:

Updated 8/2017 by Diane Place, Financial Aid