Federal Direct Unsubsidized Stafford Loans for Graduate Students | Financial Aid

Direct Unsubsidized Stafford Loan

Annual maximum

$20,500

Cumulative maximum total debt

$138,500 (includes amounts borrowed as undergrad students)

Interest rates

 
6.0%
For Graduate Direct Unsubsidized loans disbursed between July 1, 2016 and June 30, 2017
3.76%
For Graduate Direct Unsubsidized loans disbursed between July 1, 2015 and June 30, 2016

Fees

Fees are deducted from the Direct Unsubsidized loan proceeds when they are disbursed.

 
1.069%
For loans first disbursed after Oct. 1, 2016 and before Oct. 1, 2017 (For example, on a $5500 loan, $58 will be kept as a loan fee and therefore $5,442 will be credited to the students account when it is disbursed to the school.)
1.066%
For loans first disbursed after Oct. 1, 2017 and before Oct. 1, 2018 (For example, on a $5500 loan, $58 will be kept as a loan fee and therefore $5,442 will be credited to the students account when it is disbursed to the school.)

Applying for Direct Stafford Loans

  1. Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov
  2. Receive your final financial aid award from Carroll
  3. First time borrowers at Carroll need to complete your Direct Stafford Master Promissory Note and Entrance Counseling at studentloans.gov
    • Login clicking the green "Sign In" button located in the Manage My Direct Loan box in the upper left of the page
    • Select "Complete MPN" on the left-hand side under the Master Promissory Note bullet
    • Select Direct Subsidized/Unsubsidized and enter in the required information
  4. Complete Entrance Counseling at studentloans.gov
    • The Federal Government requires that all first time Federal Direct Stafford Loan borrowers complete an entrance counseling session before they receive any loan funds. This session is designed to provide the borrower with important information about the Federal Direct Stafford Loan program, including your rights and responsibilities as a borrower.
    • Login clicking the green "Sign In" button located in the Manage My Direct Loan box in the upper left of the page if not already logged in
    • Select "Complete Entrance Counseling" on the left-hand side under the Counseling bullet

Exit counseling

Download the Brochure

Start your Pioneer Journey

Image