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).
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 4.30% for loans disbursed between July 1, 2020, and June 30, 2021. Interest begins to accrue upon disbursement
There is a 1.059% origination fee deducted from each loan disbursement. The actual disbursement amount is approximately 98.941% of the borrowed loan amount.
Repayment begins six months after graduation or six months after you drop below half-time enrollment.