Loans-Federal Direct Student Loans

Educational Loans are available from the William D. Ford Federal Direct Loan Program to assist undergraduate and graduate students in funding their college education.


  • Complete the FAFSA application
  • Be a U.S. citizen or eligible non-citizen
  • Be matriculated in a degree program
  • Maintain Satisfactory Academic Progress (SAP)
  • Be enrolled at least half-time
    • six credit hours for undergraduate borrower
    • five credit hours for graduate borrower

Federal Student Borrower Loan Options

  • Direct Subsidized Loans: Available to undergraduate students with financial need.
  • The U.S. Department of Education pays the interest on a Subsidized Loan while borrower is enrolled at least half-time.
  • Direct Unsubsidized Loans: Available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Interest accrues on borrowers account from date the loan is disbursed

For more information regarding federal loans, visit the Federal Student Aid website

Yearly Loan Limits

Academic Level

Dependent Student
(Sub + Unsub = Yearly Limit)

Independent Student
(Sub + Unsub = Yearly Limit)

Dependent Undergraduates

Freshman/First Year

Sophomore/Second Year

Junior/Third Year

Senior / Fourth Year


$3,500 + $2,000 = $5,500

$4,500 + $2,000 = $6,500

$5,500 + $2,000 = $7,500

$5,500 + $2,000 = $7,500


$3,500 + $6,000 = $9,500

$4,500 + $6,000 = $10,500

$5,500 + $7,000 = $12,500

$5,500 + $7,000 = $12,500

Graduate Student

Graduate students are considered independent

$20,500 unsubsidized only


Aggregate Loan Limits

Direct Subsidized

Total (Subsidized & Unsubsidized)

Dependent Student 



Independent Student



Graduate Student

Not Eligible

(Unsubsidized Only)

Interest Rates and Origination Fees for Federal Direct Loans
Interest rates and origination fees may change from year to year.  These rates and fees are determined by the federal government.  Once a loan is accepted however, the interest rate and fee will remain for the life of the loan. For current interest rates and fees visit the Federal Student Aid website.

Federal requirements that must be completed before a loan can be processed at SUNY Poly:

Visit the SUNY Poly Financial Aid Forms web page for an information sheet titled Direct Loan Borrowing Process for Students and Parents which outlines the step-by-step instructions for fulfilling loan requirements.


Request More Information

Detailed information, brochures and forms can be mailed to you upon request.


Let's Start The Process     

Complete and submit your application to SUNY Polytechnic Institute.