Apply for Student Loans
Interest Rates
Here are the rates if your loan was disbursed (paid out) on or after July 1, 2025, and before July 1, 2026.
| Loan Type | Fixed Interest Rate |
|---|---|
| Direct Subsidized Loans and Direct Unsubsidized Loans | 6.39% |
| Parent PLUS Loans | 8.94% |
If your loan was disbursed before July 1, 2025, it likely has a different interest rate. View interest rates for loans disbursed earlier than July 1, 2025.
Direct Subsidized/Unsubsidized Loan
Step 1: Complete your FAFSA form
For more information, learn more about filling out your FAFSA form.
Step 2: Complete Entrance Counseling
Entrance counseling ensures you understand the terms and conditions of your loan and your rights and responsibilities. Entrance Counseling takes about 30 minutes to complete and it must be completed in a single session.
Step 3: Complete the Loan Agreement for a Subsidized/Unsubsidized Loan (MPN)
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).
Both Entrance Counseling and the MPN will ask you “school information.” Select “New Jersey” as the “School State” and “Middlesex College” as the “School Name.”
Step 4: Request a new loan via Self Service
Under “Financial Aid” select “Request a New Loan”:
Your loan eligibility is determined by your enrollment intensity, dependency status, and grade level. Please note that your total eligibility may be split between subsidized and unsubsidized loans.
The tables below outline the full-time annual loan limits. Under new federal regulations, students enrolled less than full-time (but at least half-time) will have their loan amounts prorated based on the specific number of Title IV-eligible credits. If applicable, your requested amount will be adjusted to comply with these new proration rules.
Dependent Students
| Academic Level | Loan Amount |
|---|---|
| First Year (0–29 credits) | $3,500 in subsidized loans, $1,750 max per semester $2,000 in unsubsidized loans, $1,000 max per semester |
| Second Year (30–90 credits) | $4,500 in subsidized loans, $2,250 max per semester $2,000 in unsubsidized loans, $1,000 max per semester |
Independent Students
| Academic Level | Loan Amount |
|---|---|
| First Year (0–29 credits) | $3,500 in subsidized loans, $1,750 max per semester $6,000 in unsubsidized loans, $3,000 max per semester |
| Second Year (30–90 credits) | $4,500 in subsidized loans, $2,250 max per semester $6,000 in unsubsidized loans, $3,000 max per semester |
Parent PLUS Loans
Step 1: Complete your FAFSA form
For more information, learn more about filling out your FAFSA form.
Step 2: Complete the PLUS Loan application
Parents can use this application to:
- request a Parent PLUS Loan;
- change the amount of a Parent PLUS Loan you previously requested;
- authorize how Middlesex College may use your Parent PLUS Loan funds to pay for educational expenses;
- designate who the College pays any credit balance to; and
- request deferment of repayment while the student is in school and for up to 6 months after.
The entire Parent PLUS Loan Application process must be completed in a single session. It takes approximately 20 minutes to apply for a parent PLUS loan.
Step 3: Request a new loan via Self Service
Under “Financial Aid” select “Request a New Loan”:
Step 4: Indicate that the loan is for the PLUS Loan only
In the “Comments” field, write “For PLUS Loan only”:
Step 5: Complete the Federal Parent PLUS Loan Request form
Parents should fill out and submit this form as an email attachment to faid@middlesexcollege.edu.
This form can also be submitted in-person to Enrollment Services in West Hall, Edison campus, or at the New Brunswick or Perth Amboy centers.