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Federal Unsubsidized Stafford Loans

What is a Federal Unsubsidized Stafford Loan?

The federal Unsubsidized Stafford loans are the most widely available loan program. A bank loan insured by the federal government, Stafford loans feature a low interest rate that is fixed at 6.8% over the repayment period. During enrollment, the borrower is responsible for any interest that has accrued during enrollment (you may defer payment of interest until after graduation). Repayment of the principal is not due until six months after graduation or after you drop below half-time enrollment.

Who is Eligible for an Unsubsidized Loan?

U.S. Citizens, nationals or permanent residents who are enrolled as a regular student in an eligible program.

How do I Apply and are there any Deadlines?

You will need to complete the Free Application for Student Aid (FAFSA) form to determine eligibility. The FAFSA filing priority deadline is March 1st of the prior academic year for which you are applying.

Students who file after the March 1st priority deadline may not be considered for certain limited institutional and/or federal campus based funds.

Annual and Aggregate Limits

  Base Amount Aggregate Limit
Medical Students $32,000 $158,500
Graduate Students $12,000 $73,500
Dependent Undergraduate Students
    • Freshman $2,000 $8,000
    • Sophomore $2,000 $8,000
    • Junior $2,000 $8,000
    • Senior $2,000 $8,000
Independent Undergraduate Students &
Dependent Students Whose Parents Cannot Borrow a PLUS Loan
    • Freshman $6,000 $34,500
    • Sophomore $6,000 $34,500
    • Junior $7,000 $34,500
    • Senior $7,000 $34,500

The current rate for an unsubsidized loan is 6.8% fixed.  The interest rate is adjusted annually and capped at 8.25%.