Graduate Information

The Federal Direct Unsubsidized Loan is a low-interest loan available to students for post secondary educational expenses. Most matriculated students are eligible for an Unsubsidized Loan each academic year. The loan is made to the student who is responsible for repayment. The interest rate for Direct Unsubsidized Loans for graduate students disbursed on or after July 1, 2022 and before July 1, 2023 is 6.54%.  The interest rate for a loan disbursed on or after July 1, 2023 and before July 1, 2024 is 7.05%.

Subsidized Loan: As of July 1, 2012 Subsidized Loans are no longer available for graduate students.

Unsubsidized Loan: The government will not pay interest while a student is in school. Interest accrues as soon as the loan is disbursed, and must be paid or capitalized, during periods of in-school enrollment and/or deferment.

You are eligible to participate in the Federal Direct Loan Program if you are: (1) a U.S. citizen or permanent resident; (2) enrolled in a degree program on at least a half-time basis and credits count towards the degree; and (3) making satisfactory academic progress. This requires that you have a cumulative GPA of at least 3.0 (grades of I and C+ or lower are interpreted as failures).