Federal Direct Stafford Loans – FAQ

Are graduate students eligible for Subsidized loans?

No, subsidized loans will only be available to undergraduate students. Graduate and professional students will receive their maximum federal direct loan eligibility in Federal Direct Unsubsidized Loans.

How do I apply for a Federal Direct Stafford Loan?

Click here for instructions on how to apply for a Federal Direct Stafford Loan and important dates.

When can I start to accept and adjust my Federal Direct Stafford Loans?

When your To Do List has been completed, you will be able to accept, reduce, or decline offered loans online through the myUCF Self-Service.

For the upcoming new year, students will receive an email notification after mid-July, announcing when the myUCF Self-Service feature will be made available.

How can I get a deferment for tuition and fees from my offered Federal Direct Stafford Loans?

In order for the loans to defer tuition and fees, you must accept the offered loans on myUCF View Financial Aid, Accept/Decline Awards screen.

Why is my Federal Direct Stafford Loan not showing as a deferment?

If you have incomplete required documents on your To Do List, you will not have access to accept your loans until all required documentation has been submitted.

Do I have to complete a new Entrance Counseling for Federal Direct Loans if I already did one at UCF?

NO. If you already completed an Entrance Counseling while at UCF, you do not have to do a new one for Federal Direct Loans.

Transfer Students: If you were awarded a Federal Stafford Direct Loan during this academic year at another institution, make sure that the remainder of that loan is canceled at your previous school before applying for a loan at UCF.

Do I have to complete a new Master Promissory Note for Federal Direct Loans?

If you already completed a Federal Direct Master Promissory Note at UCF, you do not have to complete a new one unless the MPN has expired.

All new borrowers at UCF must complete a new Master Promissory Note.

I only want the Direct Subsidized Loan but was offered both a Direct Subsidized and a Direct Unsubsidized Loan. What should I do?

Loans are not processed until you actually accept them.

To accept the Direct Subsidized Loan, click on the accept option next to the Direct Subsidized Loan.

If you do not want the Direct Unsubsidized Loan, click on the decline option next to the Direct Unsubsidized Loan amount and the offered loan will be zeroed out.

When you are finished, click on the Submit button.

How long will it take for my Federal Direct Stafford Loans to process?

The time that it takes to process a loan is contingent upon students meeting/completing all loan eligibility criteria.

For details of the loan eligibility criteria, please visit the Federal Stafford Loan webpage.

All required documents on the To Do List must be submitted at least 60 days prior to the beginning of the semester to ensure timely deferments and/or disbursements.

How long will it take for my Federal Direct Stafford Loans to disburse?

For information about loan disbursements, please visit our Disbursement of Financial Aid webpage.

Do I have to change my direct deposit account with Direct Loans?

The Federal Direct Loan Program has no impact on a direct deposit account that you have already established.

I made a mistake on the myUCF Self Service when adjusting my loans. How can I fix it?

You may still reduce or decline a loan online through the myUCF Portal even after you have submitted an acceptance, as long as the loan has not disbursed.

If you have declined an entire loan or reduced an undisbursed loan in error, please complete and submit the online Loan Adjustment Form from the Forms webpage indicating your final request.

All loan adjustment requests must be made by the deadlines listed on the Federal Direct Stafford Loan webpage.

Where can I return my Direct Loan refund that I received?

If you are returning your Direct Loan refund, contact your servicer for repayment options. To view your servicer’s contact information, please visit the National Student Loan Data System (NSLDS).