Quinnipiac University
A student studies outside Echlin Center where undergraduate admissions is housed

Undergraduate Types of Aid

Federal Direct Student Loans

Loan | Various Amounts | U.S. Department of Education

Federal Direct Loans are available to eligible students who complete a FAFSA form. These loans have low interest rates, favorable repayment options and they don’t require a credit check.

Loan Limits
Year Subsidized Unsubsidized Supplement Unsubsidized (Denied a PLUS)
First year $3,500 $2,000 $4,000
Sophomore $4,500 $2,000 $4,000
Junior / Senior $5,500 $2,000 $5,000
Interest Rates and Fees for 2020-2021
Program Interest Rate Fees
Federal Stafford Loan 2.75% 1.059%
Parent Plus Loan 5.3% 4.236%

Note: All student and parent loans are originated through the federal government's Federal Direct Loan program.

Learn more about the Parent PLUS Loan

Per the Department of Education, as of the 2020-2021 academic year, all student and parent borrowers will now be required to view how much they currently owe in federal student loans each year, and to acknowledge this amount, before a school can disburse the Direct Loan that a student or parent borrower receives for each new award year.

This new requirement is called the “Informed Borrowing Confirmation” process. More information is available at the Federal Student Aid website www.studentaid.gov

Entrance Counseling and Master Promissory Note (MPN)

If you will be attending Quinnipiac’s undergraduate programs and are a first-time borrower of federal loans, you are required to complete Entrance Loan Counseling and the Loan Agreement Master Promissory Note (MPN) for your Direct Subsidized/Unsubsidized loan before funds can be disbursed to the university.

Learn More About Entrance Counseling

Exit Counseling

Students are required to complete an online Exit Counseling session if they drop below half-time enrollment, graduate or leave school.

Learn More About Exit Counseling


Federal Loan Consolidation

Consolidating student loans is similar to refinancing, which allows a student to combine his or her federal loans (not private loans) into one big loan, usually extending the repayment period beyond the 10-year maximum. Depending on the loan amount, the new loan terms can go from 12–30 years. Although a student's minimum monthly payment can be significantly reduced, it is important to note that in most cases, this will result in additional interest being paid over the life of the loan.

Learn More About Consolidating Loans


Learn More About Financial Aid