If you have questions, call the HSU Financial Aid Office. You may also wish to request copies of loan information booklets available in our office. . Students must demonstrate financial need to receive this type of loan. Students can get these loans regardless of financial need but will have to pay all interest charges, including the interest that accumulates during deferments. Federal Direct PLUS Loans -parents of dependent students can borrow Direct PLUS Loans to pay for their children's education.
Parents are responsible for all interest charges.
Only one monthly payment is made to the U.S. Department of Education. IN certain circumstances, students who have loans under the FFEL Program may consolidate them into Direct Loans. Interest Rates Interest rates are variable and are adjusted each July. The maximum interest rate for Direct Subsidized and Unsubsidized Loans is 8.25 percent. For Direct PLUS Loans, the maximum interest rate is 9 percent.