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Federal Direct Loans

Federal Direct Loans

The only Federal Financial Aid available to graduate students is Direct Unsubsidized Loans.  To request a loan, please complete the FAFSA (use school code G07178), then complete the Borrower-Based Direct Loan Request form in SIS. First-time borrowers must complete Entrance Counseling and a Master Promissory Note. Western Seminary's loan period is two semesters. All loan requests should be for two semesters, unless the student does not anticipate needing a loan in the second semester. Loan requests can be submitted at anytime, but disbursement may be delayed if the request is submitted after the financial aid application deadline.

Students enrolled at least half-time in a degree program may be eligible to borrow up to $20,500 every two semesters. However, Western Seminary recommends borrowing no more than $13,333 in any two-semester loan period and no more than $40,000 total in combined graduate/undergraduate borrowing  at the time of repayment. This applies in aggregate to subsidized and unsubsidized Stafford loans, loans that have been consolidated, and Perkins loans. These recommended loan limits are based on the expected income of a Western Seminary graduate. Students wishing to borrow in excess of these recommended limits will be asked to provide additional information regarding financial resources and future repayment.