The Federal Unsubsidized Direct Student Loan Program allows a graduate student to borrow up to $18,500 per award year. The federal government does not pay the interest on unsubsidized loans. Students are responsible for the interest that accrues on this loan during the time they are enrolled in school, during the grace period, and during periods of authorized deferment and forbearance. Students have the option of paying these interest charges while attending school. If they choose not to pay the interest, it will accrue and be capitalized. Graduate/Professional students may not borrow more than a total of $138,000 for all their graduate and undergraduate studies.
Students must complete a Master Promissory Note (MPN) and an Entrance Interview and loan counseling session by going to the website studentloans.gov to ensure that all borrower rights and responsibilities are understood.
Before loan funds can be disbursed, students must complete the Entrance Interview and loan counseling session; Master Promissory Note (MPN).
Loan Terms: are determined by federal statute and may vary by the year student obtains their initial loan.