Federal Direct Loans

The Federal Direct Loan (FDL) program is available to students who file the FAFSA and meet general eligibility requirements. FDL loans are low-interest loans from the U.S. Department of Education (USDE) that are administered by Marshall University. There are two types of FDL loans, subsidized and unsubsidized.

A cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1st to September 30th, and default or meet other specified conditions prior to the end of the second following fiscal year.

The most recent Cohort Default Rate (CDR) for Marshall University is 7.8 (Fall 2018).  The national average CDR for Fall 2018 is 7.3. In the academic year, 2021 63.29% of students utilized federal and/or private student loans.

Complete Your FAFSA!

Guide To Repaying Your Loans