Independent students and dependent students whose parents do not qualify for the PLUS Loan may borrow through the Unsubsidized Federal Stafford Loan Program. Additional Unsubsidized Federal Loans can be obtained according to the following terms.

• Annual Loan Limits:
  $4,000 for freshmen or sophomores
  $5,000 for juniors and seniors
  $12,000 for graduate students
• Interest rates are adjusted each year on July 1. The interest rate is fixed and will not exceed 8.25%. The interest rate is currently fixed at 6.8%.
• A fee of 0% if PNC is lender of choice
• Principal repayment may be deferred until the student ceases to be enrolled on at least a half time basis.
• Interest to be paid quarterly while the student is in school or, the student may capitalize the interest during the in-school period (i.e., add the interest to the principal balance)
• Up to 10 years to repay
• Minimum monthly payment is $50