Financial Aid Office - Resources
Direct Unsubsidized Loan Program
The Direct Unsubsidized Loan is not based on financial need. Interest will accrue from the time the loan is disbursed until it is paid in full. Interest accumulated while in school or during other periods of nonpayment is capitalized (added to the principal amount of the loan), unless a student opts to make interest payments while in school. Students may borrow up to $20,500 less any amount borrowed through the Direct Subsidized Loan Program during an academic year (up to an aggregate of $138,500 combined Direct Subsidized and Unsubsidized Loans). The interest rate is fixed at 6.21%.
Direct Graduate PLUS Loan
The Direct Graduate PLUS loan allows you, not your parents, to borrow up to the cost of attendance less any other financial aid you receive. It has a fixed interest rate (7.21%) and no aggregate limits; has the same deferment, forbearance, and death and disability provisions as Direct Subsidized and Unsubsidized Loans. The Graduate PLUS loan is also eligible for federal consolidation. Credit checks are required to be eligible for this loan, but the credit criteria are less stringent than with most private student loans.
Credit Reporting Agencies: