As a graduate student, you are entitled to apply for the following federal student loans if you meet certain eligibility requirements:

  • Unsubsidized Loan
  • Graduate PLUS Loan

Unsubsidized loans have an annual borrowing limit of $20,500 and a lower interest rate and orgination fee than Graduate PLUS loans, which also require a successful credit check. The Graduate PLUS loan should only be used after reaching the Unsubsidized loan borrowing limit.

How to Apply for an Unsubsidized Loan

At least 90 days prior to your payment deadline, please:

  1. Complete the Free Application for Federal Student Aid (FAFSA) each academic year (Federal School Code for Boston University: 002130)
  2. First-time borrowers should complete Entrance Counseling (select “I Am a Graduate or Professional Student”)
  3. First-time borrowers should complete a Subsidized/Unsubsidized Master Promissory Note (MPN)