Direct Loans for Graduate Students
²ÊÃñ±¦µä participates in the Federal William D. Ford Direct Loan program (known as Direct or Stafford Loans). The lender is the U.S. Department of Education rather than a bank or other financial institution. You are automatically considered for a Direct Loan after submitting your FAFSA.
Loan Features
- Students can borrow up to $20,500 in unsubsidized loans per year, if eligible.
- Students must be enrolled at least half-time (3 credit hours) to be eligible for federal loans.
- Interest begins to accrue on the loan as soon as it is disbursed.
- Loan origination fee is 1.057%.
- Unsubsidized
- Repayment begins 6 months after you graduate, drop below half time or withdraw. Learn more about of your student loans at FederalStudentAid.gov.
Fixed Interest Rates
| Date of First Disbursement | Interest Rate |
| 7/1/24 to 6/30/25 | 8.08% |
| 7/1/23 to 6/30/24 | 7.05% |
| 7/1/22 to 6/30/23 | 6.54% |
Loan Limits
Graduate/Professional Students have an annual loan limit of $20,500 and a lifetime loan limit of $138,500.
How to Apply
- Complete
- Accept the loan online (view instructions)
- Complete the Master Promissory Note (MPN) and Entrance Counseling online at
Important Note: Loans must be processed by our office by the last day the student is enrolled in at least 3 credit hours.
- Complete
- Accept the loan online (view instructions)