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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 and have a single contact - the Direct Loan Servicing Center - for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
  • Have online access to your Direct Loan account information 24 hours a day, 7 days a week through the Direct Loans Online Web Portal at
  • Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans needed.

2016-2017 Direct Loan Interest Rates

Loan Interest Rates by Disbursement Dates
Loan TypeFirst Disbursed between July 1, 2016 and June 30, 2017
Direct Subsidized Loans (Undergraduate Students)

Fixed at 3.76%

Direct Unsubsidized Loans (Undergraduate Students)Fixed at 3.76%
Direct Unsubsidized Loans (Graduate or Professional StudentsFixed at 5.31%
Direct PLUS Loans (Parents and Graduate or Professional Students)Fixed at 6.31%
Perkins Loans (Undergraduate and Graduate or Professional Students)Fixed at 5.00%

You may also review additional Direct Loan interest rate information.

Student Direct Loan Information


Undergraduate students enrolling at the Main or Fort Campbell campus must be enrolled in at least 6 credit hours to be eligible for student loans. Graduate students must enroll in at least 3 graduate level hours for summer and at least 4 graduate level hours for all other semesters.

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.

Subsidized Loan Limitation

Program LengthLimitation on Subsidized Loan Eligibility
4-Year Bachelor's Degree6 Years of Subsidized loan eligibility
2-Year Associates Degree3 Years of Subsidized loan eligibility

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

DependentMaximum SubsidizedAdditional UnsubsidizedCombined Subsidized and Unsubsidized


IndependentMaximum SubsidizedAdditional UnsubsidizedCombined Subsidized and Unsubsidized


Aggregate loan limits for Direct Subsidized and Unsubsidized Loans

Maximum SubsidizedAdditional UnsubsidizedCombined Subsidized and Unsubsidized
Dependent Undergraduate$23,000$8,000$31,000
Independent Undergraduate$23,000$34,500$57,500
Graduate (This includes Undergraduate 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.


  • 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 or