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Recent Updates Fordham offices remain staffed and operating remotely. The University has released its plan, Fordham Forward, to resume in-person teaching and learning for the Fall semester. Full Details

Federal Direct Unsubsidized Loans

Eligibility

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 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

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