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Graduate Loans

Federal Direct Unsubsidized Loan

  • Graduate loan limits (when combined with undergraduate subsidized and unsubsidized loans) are $20,500 per loan period. A loan period covers two terms and could be either summer/fall, fall/spring, or spring/summer.
  • Cumulative graduate loan limits are $138,500 (when combined with undergraduate loans).
  • The federal government will NOT pay the interest while you are a student. However, you do have the option of making interest-only payments while you are in school, or waiting until repayment begins on the principal six months after ceasing to be enrolled at least half time.
  • The interest rate for Graduate Unsubsidized loans disbursed on or after October 1, 2015, is fixed at 5.84%.
  • Repayment of principle and interest beginning six months after ceasing to be enrolled at least half-time.
  • FAFSA required annually
  • Must maintain satisfactory academic progress

Your financial aid award letter will state your eligibility for the Unsubsidized Direct Loan.

Processing Your Loan

Federal Direct Grad PLUS Loan

  • Available to credit worthy graduate students
  • Students must first apply for and receive maximum eligibility under the Federal Direct Loan Program (see above)
  • Eligibility is limited to educational costs minus financial aid (including Direct Unsubsidized Loans)
  • Interest rate is fixed at 6.84%
  • Repayment begins once the loan if fully disbursed

Graduate students enrolled at least half time can borrow an amount equal to the cost of education less other financial aid.

Processing Your Loan

Read our Q and A on Direct Loans.