Federal Loans
Federal Student Aid
Federal Student Aid (FSA), also known as Title IV funding, is provided by the U.S.
Department of Education. Federal aid helps students to pay for higher education expenses.
Federal student aid covers such expenses as tuition and fees, room and board, books
and supplies, and transportation. Aid can also help pay for a computer and for dependent
care. Please note: Students may not exceed loan limits regulated by the U.S. Department of Education.
Important Reminder: Federal Student Aid is awarded under the assumption that a student will complete
course(s) for the entire semester and/or payment period for which the funds were awarded.
If a recipient of Title IV funds stops attending Southeastern Louisiana University
after beginning attendance, officially and/or unofficially, in a course, regardless
of the reason, the student may no longer be eligible for the full amount of Title
IV funds originally awarded.
For detailed information regarding this policy, please visit the Return of Title IV Funds (R2T4) Policy page. Southeastern’s tuition refund policy determines how much tuition and fees are
refunded when a student withdraws from all classes. The university’s Resignation/Withdrawal Policy and Student Fee Refund Policy can be found in the University Catalog.
Federal Direct Stafford Loans
Including both Subsidized and Unsubsidized loans, these are education loans in the
student’s name and are applied for through the Free Application for Federal Student
Aid (FAFSA). All federal loans listed below require at least half time enrollment.
Federal Direct Subsidized Stafford Loan
The Federal Direct Subsidized Stafford Loan is awarded on the basis of a student’s
financial need and other specific eligibility requirements. The federal government does not charge interest on these loans while borrowers are
enrolled in school at least half-time, during a six-month grace period, or during
authorized periods of deferment. Payments are not required while borrowers are enrolled
in school at least half-time, during a six-month grace period, or during authorized
periods of deferment. This loan is subject to an origination fee that is set by the
U.S. Department of Education.
Federal Direct Unsubsidized Stafford Loan
The Federal Direct Unsubsidized Stafford Loan is not based on a student’s financial
need, but students must also meet specific eligibility requirements. Interest is charged throughout the life of the loan. You will be charged interest
from the time the loan is disbursed until it is repaid in full, including in-school,
six-month grace, and deferment periods. Payments are not required while borrowers
are enrolled in school at least half-time, during a six-month grace period, or during
authorized periods of deferment. This loan is subject to an origination fee that is
set by the U.S. Department of Education.
Federal Direct Parent PLUS Loan
The Federal Direct Parent PLUS Loan for an undergraduate student is not based on financial
need and is limited to a parent borrower for a dependent student. A parent is currently
defined as a person’s natural or adoptive mother or father, step-parent, or legal
guardian. The annual limit is equal to the student’s cost of attendance, as defined
by Southeastern, minus any other financial aid the student is receiving. Parents are
required to pass a credit check and meet and meet eligibility requirements.Students must have a completed FAFSA on file for the current aid year, and parents
complete a separate application for this loan which is found at studentaid.gov.
Federal Direct Graduate PLUS Loan
The Federal Direct Graduate PLUS Loan for a graduate student is not based on financial
need and is limited to a graduate/professional student. The annual limit is equal to the student’s cost of attendance, as defined by Southeastern,
minus any other financial aid the student is receiving.Students are required to pass a credit check and meet eligibility requirements. Students apply for this loan through the FAFSA, as well as an additional application
found at studentaid.gov.
