Federal Loans


Federal student loans can help you pay for educational expenses, but you must borrow responsibly. Students should borrow only what they need and always remember loans must be paid back. For details regarding federal student loans go to https://studentaid.ed.gov/sa/types/loans and contact the ">IBCS Financial Aid Office.

IBCS does not provide a preferred lender list nor does IBCS provide any information on private loans.

Federal Stafford Direct Loans: subsidized
  • Undergraduate students only
  • Must be degree-seeking
  • Enrolled half-time (minimum of 6 credit hours)
  • May not borrow more than the cost of education minus any other financial aid received
  • Must maintain SAP
Amount Variable
Federal Stafford Direct Loans: unsubsidized
  • For undergraduate and graduate students
  • Must be degree-seeking
  • Must be enrolled at least half-time
  • May not borrow more than the cost of education minus any other financial aid received
  • Must maintain SAP
Amount Variable
Federal PLUS loans
  • Available to parents with good credit histories
  • Parents borrow for dependent children
  • Direct PLUS loan enters repayment once loan is fully disbursed
Amount Variable

Federal Direct Loans: Important Links


QUICK LINKS