Apply for a Federal Direct Student Loan

Learn about Federal Direct Student Loans and how they may help you pay tuition at BC.

Students walk on BC's campus.

General Information

Federal Direct Student Loans are a type of financial aid that students must pay back. If you wish to take out a Direct Student Loan, it becomes a part of your financial aid offer. Students who wish to take out a Direct Student Loan must apply for financial aid, and complete their files by the deadline of the quarter they wish to start taking classes.

How to Apply

Step 1: Complete the following on the Federal Student Aid website

Note: If you are a continuing student at BC, and previously applied for a student loan, you can skip this step, as this information should still be on file. You can verify this by logging into the BC Financial Aid Portal.

Step 2: Complete the Federal Direct Stafford Loan Application

Step 3: Register for at least six (6) credits each quarter.

You must register for at least six (6) required degree credits each quarter in which you receive a loan.

Direct Student Loan Details

Annual Loan Limits

Student LevelMaximum Stafford (subsidized and unsubsidized)Maximum
First year$5,500$3,500
Second year$6,500$4,500
Third or Fourth year**$7,500$5,500
First year$9,500$3,500
Second year$10,500$4,500
Third or Fourth year**$12,500$5,500
**For students who pursue bachelor’s programs.

Lifetime Limits

Student Level
& Dependency Status
Maximum Stafford
(subsidized and unsubsidized)
Dependent undergraduate$31,000$23,000
Independent undergraduate$57,500$23,000

Terms and Conditions

When you sign the Master Promissory Note (MPN) for your federal student loan, you’re certifying that you’ve read and agree to the terms of the MPN.  Find out more details about borrowing a Federal Direct Stafford Subsidized and/or Unsubsidized Loan.


In order to be eligible for Federal Direct Student Loans you must ensure that you:

  • are not currently in default on Stafford, Direct, or Perkins loan
  • have not reached the maximum borrowing limits
  • are not in repayment on a federal grant

Important Resources Related to Borrowing and Student Loans