Graduate Student Loan Options

In order to receive the William D. Ford Federal Direct Subsidized/Unsubsidized Loans at Lincoln Memorial University, you must be enrolled for a minimum of at least 6 credit hours (half-time) for any given semester and complete a Master Promissory Note (MPN) and Entrance Counseling with the Department of Education.

  • Effective for the 2012-2013 academic year, there will be no Subsidized Loan eligibility for students enrolled in any Graduate or Professional Programs. While students can still borrow the same annual amount, $20,500, the Federal Direct Unsubsidized Loan is the only option for students. The elimination of the Federal Direct Subsidized Loan was a cost cutting effort by the U.S. Department of Education.  

Federal Direct Unsubsidized Loans are available to students who do not qualify for a subsidized loan or for students who qualify for less than the annual loan limit. The U.S. Department of Education does not pay the interest on an unsubsidized loan. You, the borrower, are responsible for all interest during the life of the loan.

Federal Direct Graduate PLUS Loans are low interest unsubsidized loans available to assist graduate students admitted and enrolled in graduate programs who have exhausted their Federal Direct Loan eligibility. To be eligible for a Federal Direct Graduate PLUS Loan, the borrower should have no adverse credit history. The first payment is due within 60 days of your anticipated final disbursement for the award year; however, deferred or reduced payment options may be available.

If you wish to reduce the loan amount that has been offered to you in your financial aid award package, you will need to complete a Loan Request Form and submit it to our office.

As of 2017, Lincoln Memorial University's official three-year default rate was 3.8%.

Cancellation/Deferment Options for Teachers

If you're a teacher serving in a low-income or subject-matter shortage area, it might be possible for you to cancel or defer your student loans. Go here for more information.

Contact Us

For general inquiries, contact the Financial Aid Office at 423.869.6336.