Two Important Federal Websites for Student Borrowers:

StudentLoans.gov
If you need to view your Federal Direct loan documents, sign a Master Promissory Note or complete an Entrance or Exit Interview, log on to https://studentloans.gov. You will need your federal IS to access your record. If you do not have a FSA ID, log onto https://studentaid.ed.gov/sa/.

NSLDS.ed.gov
If you need information about the total amount and types of federal student loans that have been disbursed to you or information about federal grants you have received, visit the National Student Loan Data System.

Federal Direct Loans

The Federal Direct Student Loan program is the most widely used student loan program for both undergraduate and graduate students interested in borrowing to help meet educational expenses. Borrowing limits, interest rates and terms of repayment are determined and regulated by the US Department of Education. The University of Pittsburgh participates exclusively in the William D. Ford Federal Direct Loan program.

The interest rate for loans disbursed after July 1, 2017 is 4.45% for undergraduates who qualify for a Federal Direct Loan, with default and up front origination fees of 1.066% (for 2017-2018). No interest is charged on a subsidized loan for you while you are in school and during the grace and deferment periods. Subsidized loans are made based on financial need. Unsubsidized loans can be made to any otherwise qualified student, without regard to financial need. Interest is charged on these loans during in-school, grace, deferment and repayment periods.

All potentially eligible undergraduate students are automatically considered and reviewed by the financial aid office based on the results of the FAFSA.

Annual Loan Limits

The following annual loan limits apply based on a student's grade level, dependency status and enrollment in a graduate or undergraduate program. The annual loan limits apply to the entire twelve month academic year which includes the fall, spring and summer terms.
 

Grade Level Credit Requirement Subsidized Limit Unsubsidized Limit Extended Unsubsidized Limit (1)
First Year 0-24 $3500 $2000 $4000
Second Year 25-54 $4500 $2000 $4000

Annual amounts may be limited based on the Cost of Attendance and other financial aid received.

(1) Extended Limits are available only to independent students and dependent students whose parents have been denied a Federal Direct Parent PLUS loan.

Maximum Cumulative Loan Limits

Student borrowing is governed by federally determined maximum limits for all post-secondary education as indicated below:

  Total Subsidized Total Subsidized and Unsubsidized
Dependent Undergraduate $23,000 $31,000
Independent Undergraduate and dependents whose parents are denied a PLUS loan $23,000 $57,500

Entrance Interview

All incoming freshman and transfer Federal Direct Loan borrowers at the University of Pittsburgh will be required to complete an Entrance Interview before loan funds can be disbursed. This requirement can be completed online at: https://studentloans.gov. You will only be required to complete once while you are a University of Pittsburgh student.

Master Promissory Note

All incoming freshman and transfer students will be required to sign a new Master Promissory Note (MPN) for a Federal Direct Stafford Loan. Your MPN will be valid for 10 years while you are enrolled as a student. You will not need to sign this form each year as long as you remain continuously enrolled at a University of Pittsburgh campus. You can sign your MPN on line at https://studentloans.gov.

Based on the results of your FAFSA, the Financial Aid Office at the University of Pittsburgh at Titusville will automatically consider you for a Federal Direct Loan and notify you of your eligibility via a student financial aid award letter. In addition, the Financial Aid Office will send your loan eligibility information to the US Department of Education. We will assume that you want to borrow the maximum loan for which you are eligible for both semesters of the academic year. If you decide not to borrow or want to borrow less than this maximum, you will need to complete a Info Update Form and send it to Pitt-Titusville's Financial Aid Office. Once we receive this form, we will cancel or adjust your loan according to your request.

As a student borrower, you will need to complete both an Entrance Interview and a Master Promissory Note before your Direct Loan can be disbursed to you. Completing your Entrance Interview and Master Promissory Note will help insure that you receive your loan funds on a timely basis. Both of these activities can be completed on line. See above for websites.

Loan Repayment

After you graduate, leave school, or drop below half-time enrollment, you have a six month period of time before you have to begin repayment. This six month period of time is called the "grace period". Your federal loan servicer will provide information about repayment and will notify you of the date your loan repayment begins.

You will be able to choose a repayment plan that meets your needs. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. Generally, you’ll have from ten to twenty-five years to repay your loans. Our office recommends that you explore the Federal Direct Loan Repayment Plans and Calculators for more information about the repayment plans and to calculate your estimated repayment amount under each of the different plans.

Loan Services

For specific questions about loan repayment or deferment, you can contact your federal loan servicing center directly. If you are not sure who your federal loan servicer is, you can look it up on National Student Loan Database SystemSM (NSLDS).

Aspire Resources Inc.
Phone: 855-475-3335
Web site: www.aspireresourcesinc.com

CornerStone
Phone: 800-663-1662
Web site: www.mycornerstoneloan.org

ESA/Edfinancial
Phone: 855-337-6884
Web site: www.edfinancial.com

FedLoan Servicing (PHEAA)
Phone: 800-699-2908
Web site: myfedloan.org

Granite Slate - GSMR
Phone: 888-556-0022
Web site: www.gsmr.org

Great Lakes Educational Loan Services, Inc.
Phone: 800-236-4300
Web site: www.mygreatlakes.org

Mohela
Phone: 888-866-4352
Web site: www.mohela.com

Navient (formerly part of Sallie Mae)
Phone: 800-722-1300
Web site: www.navient.com

Nelnet
Phone: 888-486-4722
Web site: www.nelnet.com

OSLA Servicing
Phone: 866-264-9762
Web site: osla.com

VSAC Federal Loans
Phone: 888-932-5626
Web site: www.vsac.org