William D. Ford Federal Direct Loan Program
Office of Financial Aid

Federal Direct Subsidized Loans 

  • Based on need as determined by the FAFSA
  • Fixed interest rate at 5.50% (2023-2024)
  • No interest while a student is registered for six or more credit hours
  • Interest and repayment begin once a student drops below six credit hours
  • Origination Fee 1.057%


The student must complete the Free Application for Federal Student Aid (FAFSA) to be considered for Federal Direct Loans. Be sure to include the Defiance College school code, 003041.

Students that have not previously borrowed Federal Direct Loans will also need to complete Entrance Loan Counseling. The Counseling session covers information on your rights and responsibilities as a student loan borrower. This must be complete before loan funds can be disbursed.

Also, if you are a first-time student at Defiance College, you will need to complete a Master Promissory Note (MPN). Loan funds will not be disbursed until you complete the MPN. The MPN will require your PIN and two references.

Learn how a student’s class rank determines the amount that may be borrowed.

Apply for FAFSA
Defiance College admits students regardless of race, color, creed, sex, 
national or ethnic origin, sexual orientation, or disability.