Direct Loan Program (DLP)

The William D. Ford Federal Direct Loan Program (DLP) at Université Laval is run by the Student Awards and Financial Aid Office (BBAF). The DLP offers financial aid for citizens and permanent residents of the U.S. attending Université Laval.

Types of loans

Direct Subsidized Loan

Direct Subsidized Loans are available to undergraduate students with financial need that meet the general eligibility requirements for federal student aid. Your school will determine the amount you can borrow based on your cost of attendance and other financial aid you receive.

The U.S. Department of Education will pay the interest on your Direct Subsidized Loan while you’re in school and enrolled at least half-time, for the first 6 months after you leave school (grace period), and during a period of deferment (a postponement of loan payments).

Direct Unsubsidized Loan

Direct Unsubsidized Loans are available to undergraduate and graduate students that meet the general eligibility requirements for federal student aid. There is no requirement to demonstrate financial need. Your school will determine the amount you can borrow based on your cost of attendance and other financial aid you receive.

You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accumulate and be capitalized (that is, your interest will be added to the principal amount of your loan).

Direct PLUS Loan

To receive a Direct PLUS Loan, you must be a graduate student enrolled at least half-time, or be the parent (biological, adoptive, or in some cases, stepparent) of a dependent undergraduate student enrolled at least half-time. Also, you must not have an adverse credit history and you have to meet the general eligibility requirements for federal student aid. If you are borrowing on behalf of your child, your child must also meet these requirements.

In this case, the U.S. Department of Education is your lender. The maximum loan amount you can receive is equivalent to the cost of attendance (determined by the school) minus any other financial aid received.

Annual and aggregate loan limits

There are limits on the amount in Subsidized and Unsubsidized Loans that you may be eligible to receive each academic year (annual loan limits) and the total amounts that you may borrow for undergraduate and graduate study (aggregate loan limits). The actual loan amount you are eligible to receive each academic year may be less than the annual loan limit. These limits vary depending on what year you are in school and whether you are a dependent or independent student.

Annual Loan Limits (USD)

Dependent Undergraduate Students
Subsidized Unsubsidized Total
1st Year $3 500 $2 000 $5 500
2nd Year $4 500 $2 000 $6 500
3rd Year and Beyond $5 500 $2 000 $7 500
Independent Students
(and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
Subsidized Unsubsidized Total
Undergraduate
1st Year $3 500  $6 000 $9 500
2nd Year $4 500  $6 000 $10 500
3rd Year and Beyond $5 500  $7 000 $12 500
Graduate Students
Per School Year $0 $20 500 $20 500

Aggregate Loan Limits (USD)

Subsidized Unsubsidized Total
Dependent Undergraduate Students $23 000 $31 000 $31 000
Independent Graduate Students $23 000 $57 500 $57 500
Graduate Students $65 500 $138 500 $138 500