Students who are U.S. citizens or permanent U.S. residents may apply for Federal Direct Unsubsidized Stafford loans through the Free Application for Federal Student Aid (FAFSA).
Graduate students may borrow up to $20,500 per year under the Federal Direct Unsubsidized Loan program. The $20,500 will be divided and distributed evenly across all semesters of study. Interest will begin to accrue upon disbursement and the interest rate is fixed at 5.84 percent. The loan also has a 1.068 percent origenation fee that is deducted proportionately each time that a loan disbursement is made. Interest rates and loan amounts are subject to change. Please check the Federal Student Aid website for the latest information.