Student Loans

Q:  How much can I borrow in a student loan?

A:  Depending on a student's financial need, their Federal Direct loan could be a combination of both subsidized and unsubsidized.

Annual Subsidized and Unsubsidized Direct Loan Limits for Undergraduate Students 

Grade Level

Dependent Students 

(Subsidized and Unsubsidized)

Independent Students or Dependents with Plus Denials

(Subsidized and Unsubsidized)


(0-29 Earned Credits)

$3,500 (sub)+ $2,000 (unsub) $3,500 (sub)+ $6,000 (unsub)


(30-59 Earned Credits)

$4,500 (sub)+ $2,000 (unsub) $4,500 (sub)+ $6,000 (unsub)


(60-89 Earned Credits)

$5,500 (sub)+ $2,000 (unsub) $5,500 (sub)+ $7,000 (unsub)


(89+ Earned Credits)

$5,500 (sub)+ $2,000 (unsub) $5,500 (sub)+ $7,000 (unsub)
Aggregate Limits

Undergraduate Subsidized Limit $23,000

Undergraduate Dependent Combined Limit (subsidized and unsubsidized)  $31,000

Undergraduate Subsidized Limit  $23,000

Undergraduate Independent Combined Limit (subsidized and unsubsidized)  $57,500


Graduate and Professional School Students

The Federal Stafford loan is a low-cost, fixed-rate federal student loan available to graduate and professional school students, not just undergraduate students. Federal Stafford loans are the most common – and among the lowest-cost – way to pay for graduate and professional school. As of July 1, 2012, only unsubsidized Federal Stafford loans are available to graduate students. Listed below are some benefits of the Federal Stafford Loan for Graduate and Professional School Students:

1.    Low fixed interest rate (unsubsidized).

2.    Borrow up to $20,500 per year.

3.    No payments while enrolled in school.

4.    Acceptance not based on credit.

5.  Graduate Subsidized Limit (including all undergraduate loans)  $65,500

     Graduate Combined Limit (including all undergraduate loans)  $138,500


Q:  What additional steps must I take to receive my loans?

A:  If your financial aid package includes federal student loans, click here and complete the Loan Acceptance form.

If it is your first time receiving a Direct Loan, please go to (link is external)  to complete: 

Entrance counseling , a tool to ensure you understand your obligation to repay the loan; and

Sign a Loan Agreement or (Master Promissory Note), agreeing to the terms of the loan.


Q:  Can you explain the PLUS Loan?

A:  Plus loans are for graduate or professional students and parents of dependent undergraduate students.  The borrower must not have an adverse credit history, and the maximum loan amount is the cost of attendance minus any other financial aid received.  CU requires the Plus Application to be submitted through

If you are eligible for a Direct PLUS Loan, you will be required to sign a Direct PLUS Loan Master Promissory Note (MPN) at, agreeing to the terms of the loan. Graduate or professional students who haven't previously received a PLUS loan will also be required to complete entrance counseling at  


Q:  If I have an adverse credit history, is there any way I can still get a Direct PLUS Loan?

A: There are two ways that you may still be able to qualify for a Direct PLUS Loan.
First, you can receive a Direct PLUS Loan if you obtain an endorser (similar to a cosigner) who does not have an adverse credit history. (A credit check will be performed on the endorser.) An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay it. If you’re a parent Direct PLUS Loan applicant, the endorser can’t be the child on whose behalf you are borrowing.
Second, you have the option of trying to qualify by documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to your adverse credit history.
If you qualify by obtaining an endorser or by documenting to the satisfaction of the U.S. Department of Education that there are extenuating circumstances related to your adverse credit history, you’ll also be required to complete PLUS counseling before you can receive a Direct PLUS Loan.
If you apply for a Direct PLUS Loan and are notified that you have an adverse credit history, you’ll be given detailed information on the options for qualifying by obtaining an endorser or submitting documentation of extenuating circumstances, along with instructions on how to complete the required PLUS counseling.
For more information contact the U.S. Department of Education Student Loans Support Center at 800-557-7394.

Q: I’m a parent who can’t qualify for a Direct PLUS Loan to help pay for my child’s college expenses. Where can we get the additional funding my child needs for school?

A: If you’re unable to obtain a Direct PLUS Loan, your child may be eligible to receive additional Direct Unsubsidized Loan funds to help pay for his or her education.

Q:  Is there a guide to assist me with student loan repayment?

A:  Click  here  to learn more about student loan repayment


Q: Why am I receiving communication from Inceptia?

A: Concord University has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia’s friendly customer representatives may reach out to you during your grace period to answer questions you have about your loan obligation and/or repayment options. Inceptia is not a collection agency. We’ve partnered with them to inform you of a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Inceptia will stay in touch with you via phone calls, letters, and/or emails to help you understand your repayment timing and options. For additional resources including information on repayment options, please visit Inceptia’s Federal Student Loan Overview website at