Federal Direct Loan Program
Due to recent legislation enacted by Congress, Bellarmine University will participate in the William D. Ford Direct Loan program. All new subsidized and unsubsidized Stafford Loans made to students, PLUS loans made to parents and to graduate/professional students, and consolidation loans made to borrowers, can only be made under the William D. Ford Federal Direct Loan Program. Student and parent borrowers will receive funding for their federal loans directly from the U.S. Department of Education rather than from private banks and other lending institutions. Direct Loans are loans made with federal capital and owned by the federal government. Loan repayments are made to the government, and Direct Loans are never sold.
The Office of Financial Aid administers the loans; determines your loan eligibility; approves the loan; confirms the promissory note, when necessary; receives the funds from the federal government; and credits the loan amount directly to your University student account.