The last day to process Federal Direct Stafford Loans for the 2016-17 aid year is Wednesday, May 3 2017.
Federal Direct Subsidized/Unsubsidized Loans: You must accept the loan via the Student Administration system by May 3, 2017. Loans accepted after that date cannot be processed.
Federal Direct PLUS Loans: The parent or graduate student borrower must be approved for the loan via http://studentloans.gov by May 3, 2017 to ensure processing by the deadline.