Federal Direct Loan

Students borrowing Federal Direct Loans receive their funds from the federal government. However, you must request a loan through Whitman College. The request form for a Direct Loan is included in the student's financial aid offer packet or may be obtained by selecting Financial Aid Forms and clicking on the Direct Loan Request Form. If you're a dependent undergraduate student, each year you can borrow up to:

  • $5,500 if you're a first-year student. No more than $3,500 of this amount can be in subsidized loans.
  • $6,500 if you're a sophomore. No more than $4,500 of this amount can be in subsidized loans.
  • $7,500 if you're a junior or senior. No more than $5,500 of this amount can be in subsidized loans.

The total possible loan debt for undergraduate study for dependent students is $31,000 and for independent students is $57,500 with a maximum of $23,000 in subsidized Loan.

Students must participate in entrance and exit counseling for a Federal Direct Loan. This is generally done online via the Department of Education's website, StudentLoans.gov. A Master Promissory Note (MPN) attesting to the borrower's understanding of his or her rights and responsibilities as a Direct Loan borrower must be signed by all first-time borrowers before the loan proceeds may be disbursed. The MPN may also be completed online at StudentLoans.gov.

Eligibility

Interest

Repayment

Deferments

Loan Fees