Federal Direct Unsubsidized Loans


Students must be enrolled at least half time as in a degree-granting or eligible certificate program. Continuing students must also maintain Satisfactory Academic Progress (SAP).

Loan Limits

Graduate Students can borrow up to $20,500 per academic year. Fordham’s academic year begins with the fall term and ends with the summer term. The aggregate lifetime borrowing limit for subsidized/unsubsidized loans is $138,500.

Interest Rate and Origination Fee

The interest rate is fixed at 7.05% for loans disbursed between July 1, 2023, and July 1, 2024. Interest begins to accrue upon disbursement

There is a 1.057% origination fee deducted from each loan disbursement. The actual disbursement amount is approximately 98.943% of the borrowed loan amount.


Repayment begins six months after graduation or six months after you drop below half-time enrollment.