Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Interest accrues throughout the life of the loan, and the student is responsible for the interest during all periods.
Thinking of taking out a student loan? See what your loan repayment will look like by using the Loan Simulator at studentaid.gov.
Award amounts are based on your program level, how many credits you have completed, and if you are considered a dependent or independent student defined by the US Department of Education.
There is a loan fee on all Direct Subsidized Loans and Direct Unsubsidized Loans.
The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement.
Learn about interest rates and how much it costs to pay a loan back.
If a student who received federal loans withdraws, drops below half time enrollment, or graduates, they are required to complete Exit Loan Counseling at studentaid.gov.
Federal Pell Grant and Loan information is sent to the U.S. Department of Education. This information is then included in the National Student Loan Data System (NSLDS) and is accessible to you and authorized agencies, lenders, servicers, and institutions.
