Graduate Students

Graduate students borrowing from the Federal Direct Loan Program are only eligible for unsubsidized loans.​

Loans for Graduate Students

  • Direct Loans
    • Graduate students borrowing from the Federal Direct Loan Program are only eligible for unsubsidized loans
    • Graduate students may borrow up to $20,500 in Federal Direct Loans each academic year, depending on their cost of attendance
  • Direct Loan Interest
    • Interest will accrue on the loan once it disburses to the student’s account
    • You have the option of paying the interest while enrolled in school at least half-time or allowing the interest to be added to the principal
    • If the interest is added to the principal, the overall loan amount will be higher upon repayment and interest will continue to accrue monthly
    • The current interest rate for an unsubsidized loan is 6.54%
  • Direct Loan Eligibility
    • Complete the FAFSA
    • Be enrolled at least half-time, which is 5 credit hours or more at the graduate (5000 or above) level
    • Be enrolled in a degree seeking program or an approved graduate certificate program
    • Graduate students cannot receive financial aid if they are taking undergraduate classes only
  • PLUS Loans
    • Graduate students are eligible for the Graduate PLUS Loan after you have exhausted your Federal Direct Loans

Jobs

  • Work-Study is not available for Graduate Students, however Graduate Assistantships are offered through the Graduate School