Applying for Loans

To be eligible to receive Federal Student Loans, a student must complete the Free Application for Federal Student Aid (FAFSA) and be enrolled at least half-time. Loans may be offered as part of a student's financial aid package at Appalachian State University.

Before you borrow, please remember that loans must be repaid. Only borrow the amount needed to attend school and consider your ability to repay student loan debt based on your anticipated future annual income. Use the Loan Payment Calculator to help you see what your monthly payments might be. Student loans go into repayment six months after you graduate or drop below half-time enrollment.

Loans in the Student's Name

Loans in the Parent's Name

Other Loan Information

For New Borrowers of the Subsidized Loan

If you've looked at your NSLDS record, you may have seen the phrase 'SULA ELIGIBLE.' But what is SULA? And what does it mean to you? SULA is an acronym that stands for Subsidized Usage ­Limit Applies, and it refers to the new regulation that limits the amount of time (measured in academic years) a student may receive Direct Subsidized Loans. This time limit does not apply to Direct Unsubsidized Loans or Direct PLUS Loans.

The regulation applies to students who are considered first-time borrowers on or after July 1, 2013. If this limit applies to you, you may not receive Direct Subsidized Loans for more than 150 percent of the published length of your program. This is called your "maximum eligibility period." Your maximum eligibility period is generally based on the published length of your current program. You can usually find the published length of any program of study in your school's catalog.

For example, if you are enrolled in a four-year bachelor's degree program, the maximum period for which you can receive Direct Subsidized Loans is six years (150 percent of 4 years = 6 years).

Because your maximum eligibility period is based on the length of your current program of study, your maximum eligibility period can change if you change to a program that has a different length. Also, if you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count toward your new maximum eligibility period.

Certain types of enrollment may cause you to become responsible for the interest that accrues on your Direct Subsidized Loans when the U.S. Department of Education usually would have paid it. These enrollment patterns are described here (DOCX, 71 KB).