$3,500–$5,500
A Federal Subsidized Loan is a need-based loan for which payments and interest begin six months after the last date of enrollment.
Application Process
Submit your FAFSA as soon as possible after December 1.
Requirements
- All students
- Based on need from the FAFSA
About Federal Subsidized Loans
With subsidized loans, the government “subsidizes” or pays for the interest while you are in school. (An Unsubsidized Direct Loan is a non-need-based loan. It functions similarly to a subsidized loan, except that the government does NOT subsidize the interest while you are in school. You may choose to pay the interest as you go or let it accrue while you’re in school and be added to the principle amount upon repayment.) There are loan fees for each.
Federal loans may be awarded to any Corban student, with subsidized loans going to students with financial need. The Federal Direct Loan program eliminates the need for loan applications, outside lenders, guarantee agencies, or paper loan checks. Corban will provide the student with everything needed to receive a Federal Direct Loan. The maximum loan amount depends on the student’s year in school and total financial need.
Loan Amounts
- Freshmen: $3,500
- Sophomores: $4,500
- Juniors/Seniors: $5,500
Learn more about Federal Direct Loans.
Questions? Don’t hesitate to reach out to Financial Aid at financialaid@corban.edu or 503-375-7006.