Johns Hopkins University participates in the Federal Direct Loan Program.
Federal Direct Loans are a federal student loan and type of federal financial aid. You have rights and responsibilities when you borrow a federal student loan. If this is your first semester at Carey or your first time borrowing as a Carey student, please complete the following:
Complete the required loan Entrance Counseling for a Graduate/Professional Student online
Complete the Multi-Year Federal Unsubsidized Loan Agreement online
Grad PLUS loan borrowers must complete a separate Grad PLUS Loan Agreement
Requirements for federal aid
Enroll at least half time
Half-time enrollment is at least 4.5 credits in the fall and spring semesters, requiring three two-credit courses per semester. For summer, half-time enrollment is at least three credits. Since Carey’s classes are two credits each, students usually enroll in two summer classes and three in the fall and spring respectively to meet the requirement. When registering for fall and spring, enroll in both eight-week terms upfront, as financial aid considers the entire semester rather than individual sessions.
Financial aid is available only for courses that count toward completion of your program. Courses taken for personal reasons, to maintain half-time status, or audited courses do not count toward the credits required for financial aid.
You may lose your financial aid awards when you drop classes
if you do not begin or drop a class, your financial aid may be reduced or cancelled. Withdrawing from classes after the semester has begun may also impact your eligibility. See Return of Title IV Funds policy. Please contact SEAM if you are considering any changes to your enrollment status.
Maintain satisfactory academic progress (SAP)
Financial aid recipients must maintain satisfactory academic progress towards their degree. This includes a minimum cumulative GPA of 2.85 and successful completion of at least two-thirds of attempted coursework. See Carey Business School's financial aid SAP policy.
Title IV Funds
The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, who are dismissed, drop to less than half time status, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.
Please review the Title IV Funds Policy.