Federal Direct Loans
The Federal Direct Loan program consists of unsubsidized loans and is awarded regardless of demonstrated need.
Federal Direct Graduate PLUS Loan (GRAD PLUS)
This loan can be used to supplement other financial aid, such as the Federal Direct Loan. Repayment of this loan begins within 60 days after the entire loan has been disbursed. The GRAD PLUS Loan is subject to in-school deferment but it is not automatic. Deferment can be granted by the lender after providing proof of at least half-time enrollment.
Note: To qualify for federal aid, students must be enrolled at least half-time in the semester for which they are seeking aid. For master’s programs, full-time enrollment is defined as 9-credit hours per semester and half-time as 6-credit hours. For the D.Min. program, full-time is defined as 6-credit hours per semester and half-time as 3-credit hours.
You can also apply for federal financial aid by completing the Free Application for Federal Student Aid (FAFSA) once it becomes available on October 1 (ACU school code: 003537).