Federal Direct Loan (Unsubsidized)

Eligibility is based on other sources of financial aid received and a parental contribution factor. 

Students and parents will borrow directly from the U.S. Department of Education. Award amounts are based on grade level, dependency status and budget. Dependent students who qualify for the subsidized loan are eligible for an additional unsubsidized loan of up to $2,000. Students who are not eligible for the subsidized loan may be eligible for an amount up to $5,500 for first year, $6,500 for second year and $7,500 for third and fourth years. Independent undergraduate students and dependent undergraduate students whose parents are denied for a PLUS loan are eligible for an additional $4,000 for the first two years and $5,000 for the last two years.

A graduate student can apply for up to $20,500 in an unsubsidized loan. This loan is not based on financial need. A student who wishes to apply for a Federal Direct Loan and is not eligible based on financial need, or is only partially eligible, may apply for the full or balance of his/her eligibility through the unsubsidized loan program. Unsubsidized loans first disbursed on or after July 1, 2013, have a fixed rate of 3.86% for undergraduate students and 5.41% for graduate students. There is a 1.072% origination fee charged by the federal government. The student is responsible for all in school interest, which can be capitalized at the end or paid through the enrollment periods. For Federal Loans, students must apply no later than a week before the end of the current term for the term they are seeking aid.

Need-based aid: No

Award Amount

$2,000–$20,500

Eligibility

This aid is for new, returning, transfer, day, online, part-time, full-time, freshman, sophomore, junior and senior students. 

Application Instructions

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Two week adventure through Andalucía, south of Spain, Morocco, Gibraltar and beyond!
Two week adventure through Andalucía, south of Spain, Morocco, Gibraltar and beyond!
Ana María Paula Siliquini , staff member
Ana Siliquini in Madrid
La Puerta de Alcalá, Madrid España!
Ana María Paula Siliquini , staff member
Felicia Besan at the Aspen Music Festival with Conservatory students Kayla Williams and Niki Khabazvahed
At the Aspen Music Festival with Conservatory students Kayla Williams and Niki Khabazvahed
Felicia Besan, staff member
Felicia Besan traveling with Lynn blue bear
Traveling Lynn blue bear
Felicia Besan, staff member
Felcia Besan at Independence Pass view (Colorado)
Independence Pass view (Colorado)
Felicia Besan, staff member
Faith Thomas, Xiara Del Valle, & Erina McWilliam-Lopez from the Social Impact Lab.
Faith Thomas, Xiara Del Valle, & Erina McWilliam-Lopez from the Social Impact Lab visiting a Rwandan social enterprise
Erina McWilliam-Lopez, staff member

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