Loan Information

Lincoln University participates in the Federal Direct Loan Program. The program has two main sources of funding which include the Federal Direct Loan for students and the Federal PLUS Loan for parents.

Instructions on Completing the student Master Promissory Note (MPN) and Loan Entrance Counseling

Instructions on Completing the PLUS Master Promissory Note (MPN)


Federal Subsidized Loan

Federal Parent PLUS Loan

Federal Unsubsidized Loan

Federal Graduate PLUS Loan

Both Pennsylvania and non-Pennsylvania residents can apply for Federal loans from the United States Department of Education (USDE). Since USDE is the Guarantor for the Federal Loans, students can complete the Federal Loan Master Promissory Note Application (MPN) online.

Federal Subsidized Direct Loan - The federal government pays the interest while the student is in school. The eligibility to receive a subsidized loan is based on family income and financial need established by the federal government. You may borrow the maximum for your grade level. Please refer to chart below for Federal Loan limits.

Federal Unsubsidized Direct Loan - The loan is limited to independent students and/or dependent students whose parents have been denied eligibility for the Federal Plus Loan. The Federal Unsubsidized Loan is not based on need and, unlike the Federal Subsidized Loan the government does not pay the interest for you. You will be charged interest for this loan from the time the loan is disbursed until the loan is paid in full. You may borrow the maximum for your grade level.

Grade Level


Maximum Subsidized

Maximum Unsubsidized

Maximum Unsubsidized

















90 and above









*The parent of a dependent student must first apply for the Federal PLUS Loan and be DENIED by the lender before a Federal Unsubsidized Loan can be awarded.

Federal PLUS Loan - A Federal PLUS loan enables a parent with a good credit history to borrow funds to help pay for education expenses for at least half-time. The yearly loan limit is the cost of attendance minus all other financial aid. The school will notify parents and the lender of the amount awarded. PLUS loans can supplement any loan variations or expected family contribution (EFC). PLUS loans are not based on need but rather parent's credit worthiness. Apply for the Federal Parent PLUS Master Promissory Note.

Calculate your loan repayment
To calculate your expected student loan repayment please utilize this website: