A guaranteed student loan for undergraduates who are U.S. citizens or permanent residents and who have demonstrated financial need as determined by federal regulations.
- You must be a U.S. citizen or a permanent resident
- You must be enrolled at least half-time in an undergraduate degree program
- You must maintain satisfactory academic progress
- You cannot be in default on a federal student loan
- You must have federal need
Fixed at 3.76% for loans disbursed from July 1, 2016, through June 30, 2017
1.069% origination fee for loans disbursed from October 1, 2016, through September 30, 2017
The federal government sets limits on the amount in Direct Subsidized loans that a student may be eligible to receive in each academic year and in total. Limits vary based on the student’s year in school, among other factors.
For loan limits and further details, please see How much can I borrow? on the U.S. Department of Education’s page on Direct loans.
No interest is charged while a student is in school at least half-time and during deferment periods.
Six-month grace period; maximum 10 years.
Sign the completed form and mail or fax it to Student Financial Services.
|Fax number||U.S. mail address|
After faxing documents, please wait at least 1 business day for processing before checking on their status.
Student Financial Services
Please do not staple or bind documents.
Include the student’s name and birthdate or SID on each page submitted.
New borrowers will be notified to complete the Direct Loan Master Promissory Note once Yale originates the loan with the Department of Education. They will also be notified to complete the Federal Loan Entrance Counseling Session required for all first-time borrowers.