How can I find more information about Federal Direct Unsubsidized Loans for Graduate Student?

Federal Direct Unsubsidized Loan for Graduate Students Direct Lending Master Promissory Note (Log In with your verified FSA ID)

This loan allows all students regardless of federal financial aid eligibility who are enrolled for at least six credits per term to borrow up to $20,500 per academic grad level including any amount borrowed under the Federal Direct Unsubsidized Loan Program. The interest rate is 6.6% for the 2018-2019 academic year, for loans first disbursed on or after July 1, 2018; however, interest accrual begins immediately during in-school and deferment periods. Interest accruing during those periods may be paid or capitalized.  The 2017-18 academic year interest rate, for loans first disbursed July 1, 2017-June 30, 2018 was 7%.  

Students enrolled in a Post-Baccalaureate Certificate Program may be eligible for a total of $12,500 in Federal Direct Unsubsidized Loans per academic year.  Graduate students enrolled in a Post-Masters Certificate may be eligible for a total of $20,500/year in Federal Direct Unsubsidized Loans. Eligibility may be determined after reviewing the FAFSA and loan history.

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Article ID: 52698
Created
Wed 4/25/18 5:32 PM
Modified
Wed 11/14/18 4:20 PM