Federal Direct Subsidized and Unsubsidized Loans
Federal regulations limit the amount of subsidized and unsubsidized Federal Direct Loans a student may receive in an academic year (fall-spring-summer). Borrowing in fall and spring can therefore impact your ability to receive loans in summer.
- An undergraduate student is a senior and received a $5,500 federal subsidized loan and a $7,000 federal unsubsidized loan for the school year. $2,750 of the subsidized loan and $3,500 of the unsubsidized loan were disbursed to the student in the fall semester, and $2,750 of the subsidized loan and $3,500 of the unsubsidized loan were disbursed to the student in the spring semester.
- In this example, the annual loan limits are $5,500 in a subsidized loan and $7,000 in an unsubsidized loan.
- Because the student used their full annual limits for the fall and spring semesters, there is no remaining federal loan eligibility for the summer term.
If a student has not used all of their Federal Direct Loan eligibility during the fall and spring semesters in the same academic year, they must be enrolled at least half time (at least 6 credit hours for undergraduate students, at least 5 credit hours for graduate or professional students, and 4 credit hours for law students) in the summer term to receive loans.
Federal Direct PLUS Loans
If a parent of a dependent student or graduate or professional student is interested in receiving a Direct PLUS Loan, they can apply online using the summer term dates of May 2023 – August 2023 on the PLUS application.
Please ensure that you complete the Master Promissory Note, Loan Entrance Counseling, and/or an Endorser Addendum as appropriate for your Direct PLUS Loan application and credit check. The Direct PLUS Loan is subject to the same priority deadlines as the 2023 Summer Financial Aid Form. To be considered for the PLUS loan, all students must complete the FAFSA form for the appropriate academic year.
If you have been approved for a private loan, complete the “2023 Summer Non-Federal Private Loan Form”. The form can be found on the UNLV Office of Financial Aid & Scholarships - Forms page under the “Summer Term Forms” section. Complete this form in its entirety and submit the form through the Rebel Success Hub by the date listed above that matches your earliest session of enrollment. The 2023 Summer Non-Federal Private Loan Form is subject to the same priority deadlines as the 2023 Summer Form for Financial Aid.