Federal Student Loans

Federal Student Loan Programs 

In order to be considered for Federal Student Loan Programs, students must file a new Free Application for Federal Student Aid (FAFSA) each year. Find FAFSA application information here. You must be a fully admitted, degree-seeking student enrolled at least half-time at South Dakota Mines in order to borrow Federal Student Loans. Loan borrowers may request loan cancellation by contacting the Financial Aid Office.

Detailed information about Federal Student Loan programs is available on the Federal Student Aid website

Federal Direct Subsidized/Unsubsidized Student Loan – With the Federal Direct Loan Program, the student borrows loan funds directly from the federal government, on a subsidized or unsubsidized basis. Read more.

Federal Direct Parent PLUS Loan – This loan is available only to the parents of dependent students pursuing an undergraduate degree.  Read more.

Federal Direct Grad PLUS Loan – This loan is available to graduate students who have exhausted certain other sources of funding. Read more.