Students who are U.S citizens or permanent residents may apply for Federal Direct Unsubsidized Stafford loans through the Free Application for Federal Student Aid (FAFSA). Graduate students may be eligible to borrow up to $20,500 under the Federal Direct Unsubsidized Loan program. The $20,500 will be divided and distributed evenly across all three semesters. Interest will begin to accrue upon disbursement and the interest rate is fixed at 5.8 percent. The loan also has a 1 percent origination fee that is deducted proportionately each time that a loan disbursement is made.
For more information, please visit the financial aid section.