General Loan Information
Austin Peay participates in the William D. Ford Federal Direct Loan Program. For steps on applying for and accepting loans, we recommend reviewing our financial aid process.
With Direct Loans, you:
- Borrow directly from the federal government.
- Have online access to your Direct Loan account information through the Direct Loans Online Web Portal at studentaid.gov.
- Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if needed.
Student Direct Loan Information
Enrollment
Undergraduate students enrolling at the Clarksville or Fort Campbell campus must be enrolled in at least 6 credit hours between both campuses to be eligible for student loans. Graduate students must enroll in at least 3 graduate level hours.
Graduate and Professional Students
Graduate and professional students are not eligible to receive Subsidized loan funds. However,
graduate and professional students may qualify for up to $20,500 in Unsubsidized loans
each academic year.
150% Regulation
Federal Direct Loan borrowers taking their first loan on or after July 1, 2013 may qualify for a Subsidized Direct Loan for a maximum of 150% of the length of their academic program. Students will be limited to receiving Subsidized loans for 3 years in a 2-year program or 6 years in a 4-year program. Students reaching this limitation could receive Unsubsidized loans if eligible. Additionally, borrowers who reach the 150% limitation will have their interest subsidy end for all outstanding subsidized loans. You may review additional information from Federal Student Aid.
Direct Loan Borrowing Limits:
Once students have applied for student loans, the maximum amount they can borrow each year depends on their grade level and whether they are considered a dependent or independent student.
Loan Borrowing Limits
| Dependent |
Maximum Sub |
Additional Unsub | Combined Sub and Unsub |
|---|---|---|---|
| Freshman (0-29 passed hours) | $3,500 | $2,000 | $5,500 |
| Sophomore (30-59 passed hours) | $4,500 | $2,000 | $6,500 |
| Junior/Senior (60+ passed hours) | $5,500 | $2,000 | $7,500 |
| Independent |
Maximum Sub |
Additional Unsub | Combined Sub and Unsub |
|---|---|---|---|
| Freshman (0-29 passed hours) | $3,500 | $6,000 | $9,500 |
| Sophomore (30-59 passed hours) | $4,500 | $6,000 | $10,500 |
| Junior/Senior (60+ passed hours) | $5,500 | $7,000 | $12,500 |
| Graduate | $0 | $20,500 | $20,500 |
Aggregate loan limits for Direct Subsidized and Unsubsidized Loans
|
Maximum Sub |
Additional Unsub | Combined Sub and Unsub | |
|---|---|---|---|
| Dependent Undergraduate | $23,000 | $8,000 | $31,000 |
| Independent Undergraduate | $23,000 | $34,500 | $57,500 |
| Graduate (This include Undergrad Amount | $0 | $138,500 | $138,500 |
Important Information
Your aggregate loan limits include both Direct Subsidized and Unsubsidized Loans and any Subsidized and Unsubsidized Federal Stafford Loans received through the Federal Family Education Loan Program (FFELP).
Transfer Students
The amount of loans received at a previous institution may affect your eligibility to receive loans at APSU. If you received Federal Direct Stafford loans during the current academic year at another institution, ensure all pending loan disbursements are canceled at your previous institution before applying for financial aid at APSU.
Loan Origination Fees
| Loan Fees by Disbursement Dates | ||
| First Disbursed Date | Loan Type | Loan Fee |
| On or after 10/1/20 and before 10/1/25 | Direct Subsidized Loans and Direct Unsubsidized Loans | Fixed at 1.057% |
| On or after 10/1/20 and before 10/1/25 | Direct PLUS Loans (Parents and Graduate or Professional Students) | Fixed at 4.228% |
2024-2025 Loan Interest Rates
| Loan Interest Rates by Disbursement Dates | |
| Loan Type | First Disbursed between July 1, 2024 and June 30, 2025 |
| Direct Subsidized Loans (Undergraduate Students) |
Fixed at 6.53%
|
| Direct Unsubsidized Loans (Undergraduate Students) | Fixed at 8.08% |
| Direct Unsubsidized Loans (Graduate or Professional Students | Fixed at 8.08% |
| Direct PLUS Loans (Parents and Graduate or Professional Students) | Fixed at 9.08% |
You may also review additional Direct Loan information through Federal Student Aid.
Ombudsman
If a borrower disputes the terms of the Federal Direct Loan in writing and the holder of the loan is unable to resolve the dispute, a borrower may seek the assistance of the Office of Education's Student Loan Ombudsman. The Student Loan Ombudsman will review and attempt to informally resolve your dispute and may be reached at 1-877-557-2575.