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Federal loans to you or your parents can help finance your education at Susquehanna.

Direct Loans

There are two types of Direct Loans: subsidized and unsubsidized.

Subsidized loans

These are awarded based on financial need. Interest is not charged while you are enrolled at least half-time or otherwise qualify for a deferment. The federal government "subsidizes" (or pays) the interest during these times. Repayment begins six months after you graduate, leave college entirely or are no longer enrolled at least half-time. The interest rate is 4.45% for the 2017-2018 academic year.

Unsubsidized Direct Loans

These are available to all students because they are not based on financial need. The interest rate is 4.45% from the time the loan is disbursed until it is repaid in full. There is no payment due on the principal until six months after you are no longer enrolled at least half-time. However, you are obligated to make quarterly interest payments (or to have them added to the principal) during your time in college.

You may borrow annually through the unsubsidized Federal Direct Loan program.

In addition to the standard Federal Direct Loan amount for each academic year, you may also borrow a supplemental unsubsidized Direct Loan up to $2,000 annually. If you borrow the full Direct Loan amount available in each academic year, your cumulative borrowing will total $27,000, as outlined below:

First year: $3,500 + $2,000 = $5,500
Sophomore: $4,500 + $2,000 = $6,500
Junior: $5,500 + $2,000 = $7,500
Senior: $5,500 + $2,000 = $7,500

Online resources

Directions on obtaining a loan
Loan repayment estimator

Step 1: Complete your entrance counseling online

First time borrowers must complete entrance counseling prior to applying for a Federal Direct Loan. Parents should not complete the session on behalf of their students, as this is a federal requirement designed to benefit each student's understanding of his/her rights and responsibilities.

  1. Visit
  2. Click the green log in button and create an account or log in.
  3. Click on "complete counseling."
  4. Your results will be sent to Susquehanna electronically. 

Note: If you previously borrowed under our Federal Stafford Loan process, you do not need to complete entrance counseling again. However, if you would like a refresher, please visit and select "Complete Entrance Counseling."

Step 2: Complete your Master Promissory Note (MPN) online

Borrowers must complete an MPN at

  1. Click the green log in button and create an account or log in (skip if continuing application after completing entrance counseling and simply proceed to MPN section).
  2. From the left menu bar, select Complete MPN under Master Promissory Note. 
  3. Provide all requested information.

Parent PLUS Loans

The Federal Direct Parent Loan for Undergraduate Students (PLUS Loan) is a popular option for families who wish to use a low-interest loan to cover college expenses.

It can be used to supplement your student's aid awards, or it can be used to cover the full cost of education.

  • Parents must be creditworthy, but there are no income requirements.
  • No collateral or cosigners are required.
  • Completion of the FAFSA is required before applying.
  • Loans are payable 60 days after the final disbursement of the loan and payable over 10 years.
  • Deferment of repayment is available upon request as long as the student is enrolled at least half-time.
  • The PLUS loan rate is fixed at 7.0% and has a 4.264% origination fee.

Estimate your PLUS loan repayment costs.

Step-by-Step Guide to Obtaining a PLUS Loan

A parent can apply for a Federal Direct Parent PLUS Loan by visiting

  1. On the main welcome page, select Start PLUS Application Process.
  2. On the next page, under Select the Loan Type, choose Parent PLUS.
  3. The PLUS process will ask for information about the parent, allow a parent to indicate a loan amount and initiate a credit check.
  4. The individual parent applying for the loan will also complete a Master Promissory Note (MPN) online at  The MPN can be completed as soon as the credit is approved.

The request is not complete until Susquehanna has both the initial application and the Master Promissory Note on file. Unlike the Federal Direct Subsidized and Unsubsidized Student Loans, the Direct Parent PLUS loan request and credit check must be completed annually for each loan. 

Perkins Loans

The federal Perkins Loan provides loans up to $5,500 per year.

Repayment of the loan at 5 percent interest begins nine months after the borrower leaves Susquehanna. Repayment can be deferred for students who attend graduate school, enter military service, or enroll in the Peace Corps or AmeriCorps.

The Perkins Loan program is phasing out as of September 30, 2017

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514 University Ave.
Selinsgrove, Pa. 17870

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