Direct Loan Program Information

We've teamed up with Solutions of ECMC to answer all of your student loan repayment questions. Solutions is a service of the non-profit organization ECMC and is dedicated to helping students manage educational loans. Their resources are available to you free of charge. To contact a Solutions Student Loan Repayment Advisor, email or web chat, or call them at 1.877.331.3262.

If you choose to borrow through the William D. Ford Federal Direct Loan Program, you must complete the entire loan request process. All first-time borrowers must complete a Master Promissory Note (MPN) and the Online Entrance Counseling. Both of these processes may be completed at; you will log in with your personal information and your FSA User ID used to complete the FAFSA. Please note if you are a first-time borrower for the 2017/18 academic year, this process will not be available until mid-April. In addition, the Financial Awareness Counseling listed is not able to be substituted as the required Direct Loan Entrance Counseling. All loan steps and verification if selected must be completed in order for us to obtain this financial aid in your name. Your Direct and/or Direct PLUS Loan will not be valid or disbursed to the school until you complete all steps in the loan process.

Bluefield College utilizes passive loan acceptance for subsidized and unsubsidized direct loans, which means that once a new borrower has completed the initial steps for borrowing, the loan will be processed. New borrowers need only take action by completing a change in aid form if he or she is declining the loan or making changes to the type or amount offered. Subsequent borrowers need only take action by completing a change in aid form if he or she is declining the loan or making changes to the type or amount offered in the financial aid award letter.

If your Parent chooses to borrow under the Direct PLUS Loan Program, he or she must complete the Request a Direct PLUS loan at Once approved, he or she will then complete a PLUS loan master promissory note. Again, these processes will not be available for the 2017/18 academic year until mid-April. In addition, your parent will complete and sign a Loan PLUS Loan Request Form, which can be accessed from Forms and Resources.

Should your parent wish to appeal an adverse credit decision, they should:

  • contact Application Services at 800.557.7394 to speak with a representative from the U.S. Department of Education (Monday-Friday, 8 a.m. to 8 p.m. ET) or
  • find an endorser for the loan and complete an official endorser addendum located on the federal website. This must be submitted with the ticket number assigned to you by the U.S. Department of Education Application Services Department.

The U.S. Department of Education announced that it will implement changes to the adverse credit history provisions for the determination of an applicant’s eligibility for a Direct PLUS Loan. The regulations also added a requirement that PLUS Counseling must be completed by Direct PLUS Loan applicants (by parents of dependent undergraduate students, as well as graduate/professional students) with an adverse credit history who qualify for a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history, or who document to the satisfaction of the Department that there are extenuating circumstances related to the adverse credit information.

  • The new PLUS Counseling requirement will apply to all Direct PLUS Loan applicants with an adverse credit decision date on or after March 29, 2015, regardless of the academic year or loan period associated with the Direct PLUS Loan. The counseling can be completed at

Federal law requires that we inform you of the average Stafford Loan indebtedness (Subsidized and Unsubsidized). Bluefield College average loan indebtedness is approximately $22,421, with an average monthly payment of $258.02. Bluefield College encourages our students and parents to borrow conservatively and responsibly. Click here to estimate your student loan repayment. Students and parents can begin repayment at any time to reduce total debt without penalty.

Subsidized and Unsubsidized Direct Loans

The Subsidized Direct Loan requires financial need, which is determined by using a federal formula. These loans are "subsidized" in that the government pays the interest for you during the following periods:

  • while you are enrolled in school at least half-time or 6 credits,
  • for the first six months after you leave school “grace period,” and
  • during a period of approved deferment.

The Unsubsidized Direct Loan is not based on financial need and is available to all federally-eligible students regardless of income and assets. Because these loans are not subsidized by the government, you are responsible for all interest which accrues during in-school, grace, and deferment periods. You may choose to make payments to cover the accruing interest while in school, or you may simply allow the interest to accrue and be included in the amount you owe when you begin repayment.

Federal Direct Stafford Loan Annual Limits
Grade Level Dependent Students (Subsidized and Unsubsidized) Independent Students or Dependents with PLUS Denial
Freshman (0-27 Earned Credits) $3,500 (sub) + $2,000 (unsub) $3,500 (sub) + $6,000 (unsub)
Sophomore (28-57 Earned Credits) $4,500 (sub) + $2,000 (unsub) $4,500 (sub) + $6,000 (unsub)
Junior (58 -91 Earned Credits) $5,500 (sub) + $2,000 (unsub) $5,500 (sub) + $7,000 (unsub)
Senior (92+ Earned Credits) $5,500 (sub) + $2,000 (unsub) $5,500 (sub) + $7,000 (unsub)

Federal Direct PLUS Loans

The Federal Direct PLUS Loan is available to parents of dependent students (by FAFSA dependency rules, not IRS dependency rules) to help them pay for their child who is enrolled in school at least half time and is making satisfactory academic progress. Direct PLUS Loans are not based on financial need, and parents of all income levels may apply. Parents may borrow an amount equal to the cost of attendance minus any other aid. Repayment begins within 60 days after the second disbursement with a minimum monthly payment of $50 and a maximum repayment term of 10 years. Payment deferment may be available upon approval from The Department of Education.

For a list of frequently asked questions concerning direct loans, visit