Interested in requesting a Student Loan?
Ivy Tech participates in the Federal Direct Student Loan Program, which allows students to borrow money directly from the Federal government to pay for education related expenses. A Federal Direct Student Loan is not gift aid; the money you borrow will have to be repaid with any interest that has accrued. Borrow only much as you absolutely need.
There are two types of Federal Direct Student Loans. Students can borrow a combination of both types of loans based on their eligibility.
- Subsidized – the federal government pays the interest while you’re enrolled in at least 6 credit hours
- Unsubsidized - YOU pay the interest, even while you’re in school
In order to complete an Ivy Tech Federal Direct Student Loan request, you must:
- Complete the Free Application for Federal Student Aid (FAFSA) with Ivy Tech listed as one of the schools (school code: 009917).
- Register for and attend at least 6 credit hours in a financial aid eligible degree or certificate program each semester of the requested loan period.
Before you begin the request you may want to take a look at some of the resources available to help you understand the loan process and repayment expectations. Please visit ivytech.edu/financial-aid/loans.html for more information loans, including loan limits, or visit one of the U.S. Department of Education’s websites below: