Federal Direct Unsubsidized Loan

The Financial Aid Guide for Graduate & Professional Students give details about aid, loans, and application instructions.

As a result of the Budget Control Act of 2011, all 2012-2013 Direct Loans for graduate students will be Unsubsidized. This means that interest will begin accruing at disbursement for all of your federal loans and will continue to accrue until the loan is repaid. The interest which accrues during in-school and grace periods may be paid by the student or will be capitalized at repayment. Students are not required to make payments on Direct Unsubsidized loans until after their in-school and grace periods are over.

The annual borrowing maximum for graduate students continues to be $20,500.

Request your Federal Direct Unsubsidized Loan

To be eligible for a Direct Unsubsidized Loan, you must be:

• Accepted and matriculated in a degree granting program
• Enrolled at least half-time or certified as enrolled in degree requirements equaling at least half time 
• Making satisfactory acadmemic progress
• No credit check is required. Credit history is not taken into account when determining eligibility unless you have defaulted on a federal student loan in the past.

Loan Terms:

• Fixed interest rate of 6.8% for all Direct Unsubsidized loans
• 1% origination fee of deducted from each Direct Unsubsidized loan disbursement. 
• Multiple repayment options

You can complete your request electronically or complete the Financial Aid Guide for Graduate and Professional Students.

Annual Unsubsidized Loan Limits

	Total
All Graduate Students	$20,500

Lifetime Aggregate Unsubsidized/Subsidized Loan Limit

Graduate Students

$138,500 of which $65,500 can be subsidized

You cannot receive Unsubsidized Loan funds until the FAFSA, Master Promissor Note (MPN) and Entrance Counseling Session have been completed. Students who borrowed Stafford Loans at Fordham since the 2010-2011 academic year do NOT have to Complete another MPN or Entrance Counseling Session.

You can confirm that Fordham has received your completed MPN and Entrance Counseling Session by clicking on the Documents tab of the Financial Aid section of your my.fordham.edu account.