The Direct Unsubsidized Loan is designed to provide students the opportunity to participate in paying for college. It is available to students regardless of financial need. Interest will begin to accrue at the time of disbursement.

• Annual Loan Limits (see charts in the Direct Loan Section)
• Dependent students whose parents are not approved for the Direct PLUS Loan may borrow additional funds through the Direct Unsubsidized Loan Program, based on the student's grade level.
• Interest rates are adjusted each year on July 1.
• Disbursement will be made directly to the students' account.
• First time borrowers are required to complete an Entrance Loan Counseling interview before funds are credited to student's account. An entrance interview may be completed online at www.studentloans.gov.
• Fees are deducted from the loan at time of disbursement.
• Repayment of the Direct Loan begins 6 months after the student leaves the University or is no longer enrolled at least half time.  Interest payments can be made while enrolled or the interest will capitalize onto the principle balance.
• The student has up to 10 years to repay.
• The maximum unsubsidized loan amount per year is based on grade level.
• Upon graduation students must complete exit counseling at NSLDS.