Federal Direct Loans

The primary loan source for students is the Federal Direct Loan program.

Federal Direct Unsubsidized Loan

  • Annual limit $40,500 – $47,167
  • Repayment begins six months after graduation, withdrawal or if you drop below half time enrollment
  • Fixed rates
  • Origination fees may be deducted from your loan prior to each disbursement
  • Not based on financial need
  • Cumulative debt cannot exceed $224,000

Federal Graduate PLUS Loan

  • Cost of attendance less any financial received in an academic year
  • The student should utilize all Federal Direct Unsubsidized loan funding first
  • Credit-based loan – no adverse credit history
  • May require a cosigner
  • Fixed rates
  • Not based on financial need

The amount a student is eligible to borrow is based on criteria defined by the U.S. Department of Education, the KYCO cost of attendance and the student’s level of federal loan indebtedness.

To apply, click https://studentaid.gov/plus-app/grad/landing

If Approved, you will need to complete a PLUS MPN at https://studentaid.gov/mpn/grad/landing



Private Student Loans

Click here to review our alternative loan options

The University of Pikeville does not rank or recommend any lender.