Student Loans

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Federal Student Loans

Federal student loans can be used to cover tuition and fees, room and board, books and school supplies, as well as any transportation.

At Florida Southern, we participate in three types of low interest, need-based federal student loan programs: the Federal Direct Loan, Federal Subsidized Stafford Loan, and the Federal Perkins Loan programs.

Federal Direct Loans & Stafford Loans

Federal Direct (new students) and Stafford Loans (returning students) are made available directly to college students and can be used to supplement personal and family resources, scholarships, grants, and work study. They may be subsidized by the U.S. Government or may be unsubsidized depending on the student's financial need.

Stafford Loans are available through commercial lenders and may award up to $3,500 for freshmen, $4,500 for sophomores, $5,500 for juniors, and $5,500 for seniors annually. Direct Loans work similarly to Stafford Loans. However, they are funded by the federal government.

Before you can receive either type of loan, you must complete a 10-15 minute on-line entrance interview as well as a master promissory note (MPN).

You are also required to complete an exit interview when you are ready to leave Florida Southern, whether you are transferring, graduating, etc. Repayment is deferred until six months after graduation or three months after the borrower becomes a less-than-full-time student without graduating.

To learn more visit the Federal Student Aid web site:

Federal Direct Stafford Loans

Federal Perkins Loans

The Federal Perkins Loan is a low interest (5%) loan that is awarded to degree-seeking undergraduate and graduate students who demonstrate need as calculated by the FAFSA application. Up to $2,000 may be awarded annually and repayment begins nine months after graduation or withdrawal from school.

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