Federal Direct Unsubsidized Loan for Graduate Students Direct Lending Master Promissory Note (Log into Manage my Direct Loan)
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 6.079% for the 2019-2020 academic year, for loans with first disbursement dates between July 1, 2019 through June 30, 2020; however, interest accrual begins immediately during in-school and deferment periods. Interest accruing during those periods may be paid or capitalized.
Graduate students enrolled in a Post-Degree Certificate Program may be eligible for a total of $12,500 in Federal Direct Unsubsidized Loans per academic year. Eligibility may be determined after reviewing the FAFSA and loan history.