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Federal Direct Unsubsidized Loans

To be eligible, the student must:

  • Be admitted into an undergraduate or graduate degree-seeking program
  • Be registered at least half-time (6 credits undergraduate, 5 credits graduate)
  • For the 2021-2022 academic year: File a 2021-2022 FAFSA
  • Not be in default on any federal student loans
  • Not be in overpayment of any type of federal aid
  • Maintain Satisfactory Academic Progress

Fees and Interest Rate Information:

  • For undergraduates: the interest rate for loans first disbursed between July 1, 2021 and June 30, 2022 is 3.73%
  • For graduates: the interest rate for loans first disbursed between July 1, 2021 and June 30, 2022 is 5.28%
  • Loan fees are deducted proportionately from each loan disbursement, so the amount you receive is less than the amount you accept. The fee amount for Federal Direct unsubsidized Loans first disbursed between October 1, 2020 and before October 1, 2022 is 1.057%.
  • For additional information regarding loan fees and interest rates, please go to

Repayment of Federal Direct Unsubsidized Loans:

  • This is a loan that must be repaid, inculuding any interest accrued. 
  • Interest begins to accrue after the first disbursement of the loan
  • Repayment begins 6 months after you drop below half-time enrollment
  • The Department of Education is the lender, but payment will be made to a servicer appointed by the Department.
  • Loan history and servicer contact information is found by logging into
  • Information on repayment plans, consolidation, deferment, and loan simulation, etc. is found at

Maximum Loan Limits:

  • Annual Limit: Maximum loan limits apply on an annual basis.  For more information about annual borrowing limits, see
  • Aggregate Limits: Maximum loan limits apply to the total amount you can borrow over the course of your education.  For more information about aggregate borrowing limits, see
Last Updated: 9/1/21