The Student Federal Direct loan program provides long-term, low-interest loans to students demonstrating a need for financial assistance. Loan funds are sent directly to Lone Star College from the Department of Education and are applied to the student’s account. Student loans are borrowed money that must be repaid.
Students applying for a Direct Student loan must complete the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov/h/apply-for-aid/fafsa and be enrolled in at least 6 credit hours or more.
Student will receive notification of financial aid award through their Lone Star College email address which will require them to complete the following steps.
If you do not "accept" you loan(s), your classes will not be held.
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Dependent student1 | Independent student2 |
| 1st-year undergrad | $5,500 ($3,500 subsidized:$2,000 unsub) | $9,500 ($3,500 subsidized:$6,000 unsub) |
| 2nd-year undergrad | $6,500 ($4,500 subsidized:$2,000 unsub) | $10,500 ($4,500 subsidized:$6,000 unsub) |
Temporary 0% Interest as a Result of the COVID-19 National Emergency has been extended through Aug. 31, 2022
The interest rate on Federal Direct Loans varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. Interest rates on federal student loans are set by federal law, not the U.S. Department of Education.
The interest rate for Direct Subsidized and Unsubsidized Loans for undergraduate students disbursed after July 1, 2021, and before July 1, 2022 is 3.73%
The interest rate for Direct PLUS Loans disbursed after July 1, 2021 and before July 1, 2022 is 6.28%
For current and past interest rates, click here.
A school’s responsibilities in the Direct Loan Program begin with meeting and maintaining loan program participation requirements.
Operational requirements can include:
ED’s Direct Loan database;