Information Overview
Your Student Loans
Fort Valley State University offers educational loans from federal and private sources. Federal Direct Loans are administered through the Department of Education and private loans are offered by multiple lenders. We understand that borrowing for one’s education is an important investment in the future and encourage our families to borrow wisely. Work with our financial aid counselors to ensure no more debt than is necessary and manageable is taken.
Fort Valley State University’s Cohort Default Rate (CDR) for federal loans can be found here.
Federal Direct Loans
All students that are borrowing for the first time, are required to complete Entrance Counseling and sign a Master Promissory Note.
Loan Limits
| DEPENDENT UNDERGRADUATE | |||
|---|---|---|---|
| Grade Level | Subsidized Loan* | Additional Unsubsidized Loan** | Total Annual Loan |
| Freshman (0-29 credit hours) | $3,500 | $2,000 | $5,500 |
| Sophomore (30-59 credit hours) | $4,500 | $2,000 | $6,500 |
| Junior/Senior (60+ credit hours) | $5,500 | $2,000 | $7,500 |
| INDEPENDENT UNDERGRADUATE | |||
| Grade Level | Subsidized Loan* | Additional Unsubsidized Loan** | Total Annual Loan |
| Freshman (0-29 credit hours) | $3,500 | $6,000 | $9,500 |
| Sophomore (30-59 credit hours) | $4,500 | $6,000 | $10,500 |
| Junior/Senior (60+ credit hours) | $5,500 | $7,000 | $12,500 |
| GRADUATE & Professional | |||
| Grade Level | Subsidized Loan* | Additional Unsubsidized Loan** | Total Annual Loan |
| All years | N/A | $20,500 | 20,500 |
*Subsidized: A Subsidized loan is a need-based loan. Additionally, if a student receives a Subsidized Loan to attend Fort Valley State University, the federal government pays the interest on the loan when you are: 1) attending school at least half time (6 credit hours); 2) qualifying for an authorized deferment; or 3) in the grace period before beginning repayment.
**Unsubsidized: An Unsubsidized loan is not need based and a student who received an Unsubsidized Loan to attend Fort Valley State University is responsible for paying the interest while in school. A student may choose to pay this interest while attending school or choose not to make the interest payments while in school; the interest will be added or capitalized onto the principal balance at repayment.
Direct PLUS Loan: Are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college. A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a gradate or professional student.
You’ll find the online application for Direct PLUS Loans on StudentLoans.gov.
Here’s a quick overview of Direct PLUS Loans:
- The U.S. Department of Education is your lender.
- You must not have an adverse credit history. A credit check will be conducted. If you have an adverse credit history, you may still be able to receive a PLUS loan if you meet additional requirements.
- The maximum PLUS loan amount you can receive is the cost of attendance (determined by the school) minus any other financial aid received.
Learn more about parent PLUS loans.
Learn more about grad PLUS loans.
Borrow wisely! It is our goal to assist students with smart borrowing. There are several tools a student can use to assist with making the right decisions, knowing the right loans to borrow and how much your loans will cost when you complete your degree.