Financial Aid

Student Loans - Graduate

The following graduate loan information is available on this page:

Direct Loan Online Services:

William D. Ford Federal Direct Subsidized Loan:  

  • Effective the 2012-2013 Aid Year Graduate students enrolled in a graduate degree or certificate are not eligible.

William D. Ford Federal Direct Unsubsidized Loan:

  • Federally funded loan program available through the University
  • Eligibility does not require demonstrated financial need
  • Must complete FAFSA
  • Enrolled at least half time (6 credits)
  • Enrolled in a degree granting program or an eligibile certificate program
  • Students must complete an online Entrance Counseling and Electronic Master Promissory Note
  • Borrowers may receive no more than $20,500 in unsubsidized loans for an academic year or loan period
  • Aggregate loan limit for graduate students cannot exceed $138,500 ($65,500 maximum in subsidized loans)
  • Students pay an origination fee 
  • Interest rate effective July 1, 2013 is 3.86%
  • Interest is charged from the time the loan is disbursed until it is paid in full. If a student allows the interest to accumulate, it will be capitalized—that is, the interest will be added to the principal amount of the loan and additional interest will be based upon the higher amount
  • Repayment starts six months after graduation, withdrawal, or when the student’s course load drops below half time (6 credits) status
  • Students must complete an Exit Counseling at point of graduation, withdrawal from school, or enrollment status drops below half time (6 credits) status
  • Loan that must be repaid

Federal Direct Grad PLUS Loan: