Independent undergraduate students are eligible for up to $57,500 in federal loan funding.
Most dependent undergraduate students are eligible for up to $31,000 in federal loan funding.
Graduate students are eligible for up to $138,500 in federal loan Funding. This amount will also include any loans taken out in your undergraduate career. For example, as a student you borrowed $12,300. This means you would have $126,200 remaining to use in a graduate program.
If you have reached the maximum, you can pay down your loans to become eligible for more loan funding.
To track the amount of loan funding you have used, please utilize the National Student Data System: https://nslds.ed.gov/nslds/nslds_SA/

If you got your Direct Subsidized or Unsubsidized Loan on or after July 1, 2022, and before July 1, 2023, it will have a fixed interest rate after the payment pause ends:
For undergraduate students, the interest rate for Direct Subsidized Loans and Direct Unsubsidized Loans is 4.99%.
For graduate or professional students, the interest rate for Direct Unsubsidized loans is 6.54%

If you received loans before July 1, 2022, your interest rates can be found here: https://studentaid.gov/understand-aid/types/loans/interest-rates#older-rates

The interest rate will also be listed in your account with your loan servicer.

Once you get your first loan disbursement, you will have a loan servicer assigned to you. They will use the contact information provided to Herzing to send you their notifications.

If you don't receive communications from your lender, you can find out who they are by going to the National Student Data System, https://nslds.ed.gov/nslds/nslds_SA/—using the same login as your FAFSA. NSLDS will give you information on all of your federal funds in one place.

If your schedule or funding options have changed and you need more loans to cover tuition and fees, you will be notified and just need to accept the increase in the loan amount through your financial aid portal.

If you want to increase your loans to receive excess funding (stipend), you will need to get in touch with your financial aid advisor and discuss your options. We want to ensure that you understand what increasing your loans will do to your repayment in the future.

If you have filled out the FAFSA, and have not hit the lifetime cap for federal loans, and are not in default, you could be eligible for Federal Loans. More information can be found here: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Your financial aid package will be reviewed by your financial aid advisor for accuracy and then will send you an offer notification with what funding you are eligible for.

Whether utilizing the Federal Title IV Program by completing the U.S. Department of Education’s Free Application for Federal Student Aid (FAFSA) or using alternative fund sources such as outside grants and scholarships, military benefits, tuition assistance or alternative lending, your Financial Aid Advisor will discuss your personal options with you to make sure that we can get the best option available to you.

Stipends are released no later than 14 days after a credit appears on your student account if eligible. You may refer to your offer notification email for the semester amount you are eligible to receive.

Students may voluntarily withdraw from a course at any time by notifying the Academic Dean, Student Service Advisor or Registrar. If the withdrawal from the course happens before posting attendance, there will be no charge. If attendance is posted, withdrawal from a course does not get a tuition reduction and will be charged in full.

Tuition and Fee billing begins 10 days after the semester starts. If the 10th day falls on a weekend, the charges will get billed during the following week.