No interest accumulates until the end of the grace period. A maximum ten-year repayment period is allowed. Students who are offered and accept funds in this loan program must sign promissory notes. They must also complete exit counseling sessions. William D. Ford Federal Direct Loan Program Money is borrowed directly from the U.S. Department of Education through Coppin State College.
Interest rate is variable.
Student must be degree seeking. Amount of the award depends on the student's academic grade level. Last date to submit signed Direct Loan promissory notes is 10 days before the last day of classes. Student must demonstrate financial need to receive this type of loan. Students graduating, withdrawing or failing below half time status must attend an exit interview session.