The number of transfer credits a student is admitted with into the program determines the student’s grade level, which in turn determines the borrowing amount of Direct Subsidized and/or Direct Unsubsidized loan a student may utilize. Students who wish to borrow Federal Direct Subsidized and/or Direct Unsubsidized Loans need to complete Entrance Counseling and sign a Master Promissory Note online at https://studentloans.gov. More information about the Federal Direct Loan program can be found on our website.
**Please note that if you are close to reaching the aggregate limit on Federal Direct Loans, your borrowing eligibility for the BSN Express program may be limited.
The 2021-2022 BSN-Express program stretches over 14-months with students attending the following terms: Summer 2021; Fall 2021; Spring 2022; Summer 2022.
By using a borrower-based academic year, BSN-Express students are able to fully maximize their eligibility for Direct Subsidized/Unsubsidized loan funds through the length of their program. An example of a Borrower-Based Direct Loan for an independent, junior-level student is as follows:
Borrower Based Loan
Maximum | |
---|---|
Summer 2021/Fall 2021 (21/22 Academic Year) |
$5,500-Subsidized $7,000-Unsubsidized |
Spring 2022 (21/22 Academic Year) |
$5,500-Subsidized* $7,000-Unsubsidized* *If the full amount fits within your cost of attendance
|
Summer 2022 (22/23 Academic Year) |
Direct Loan funding exhausted in Spring 2022. |
Students receive an e-mail from the Office of Financial Assistance's Loan Department during the month of December to confirm their Spring Direct Loan request.
In the final summer semester, students need to either use their remaining Direct Loan funds from the spring semester, or borrow a private alternative loan to finance their costs.