FEDERAL AID
Federal Direct Subsidized and Unsubsidized Student Loans
Flagler College participates in the U.S. Department of Education's Federal Direct Loan Program. The Direct Loan Program allows students to borrow without having a cosigner or prior credit history. To receive a student loan, the student must complete the Free Application for Federal Student Aid (FAFSA) and list Flagler's Federal School Code (007893) on the form. The student must also complete a Master Promissory Note (MPN) and Entrance Counseling online at www.studentaid.gov
Federal Parent Plus Loan
Parents may borrow the full amount of the student's Cost of Attendance (minus any other aid received) through the federal loan program. If a parent is denied a PLUS Loan, then the student is eligible to borrow additional Federal Direct Unsubsidized Student Loan funds above the usual annual limit. Grade level determines how much additional loan funds a student may apply for in this instance. Freshmen and sophomores can borrow $4,000 more per year, and juniors and seniors $5,000 more per year. The Federal Parent PLUS Loan Application can be completed online at www.studentaid.gov
Before repayment begins, develop a plan that puts you on track to pay back your loan on time and in full.
For additional information and resources, please visit: Federal Student Loan Repayment
Federal Loan Repayment
This section provides links to federal websites with information on topics such as identifying your federal loan servicer, available repayment plan options, and loan forgiveness options.
I need more information about my loan servicer
Find out who services your federal student loan(s).
I need more information about the types of repayment plans available
Learn more about Repayment Plans.
Understanding the details of repayment on your federal student loan can save you time and money. Find out:
- what repayment plan options are available,
- when you must begin making payments,
- how to make your payment,
- how to pay off your loan faster, and
- what to do if you have trouble making payments.
Having Your Student Loan Forgiven
You are generally required to repay your student loan, but in certain situations, your loan may be forgiven, canceled, or discharged.
Alternative Student Loans
If additional aid funds are needed, after applying for the maximum Federal Direct Student Loan available, then a Private Alternative Student Loan from a commercial lender may be an option to consider.
The loan terms, fees, and interest rates of Private Alternative Student Loans vary from lender to lender. Flagler College recommends a comparison of several of these loans and lenders to find the one that best suits your needs. You are free to choose the lender. Flagler College will process private student loan forms from any lender that you select.
Contact Us
If you have any questions about financial aid at Flagler College, please email us at financialaid@flagler.edu.