Federal Direct Unsubsidized Loan

Law students will be notified of their Unsubsidized Loan eligibility in their financial aid notification letter. 

Loan Limit: annual limit is $20,500, split evenly at $10,250/semester. Aggregate/Lifetime limit is $138,500

Interest Rate: adjusts annually on July 1st and is fixed for the life of the loan. For loans disbursed between 7/1/17 and 6/30/18 the rate is 6%

Origination Fee: 1.069% for loans disbursed on or after 10/1/16 and before 10/1/17. (Origination fees are subject to change as a result of the Budget Control Act of 2011)

Eligibility: US Citizens or Permanent Residents, who file the FAFSA, and are enrolled at least half time (6 credits in fall/spring or 4 credits in summer)

Credit Requirements:  none

Repayment Terms: Repayment begins 6 months after borrower ceases to be enrolled half-time.  While enrolled, borrowers may elect to make interest-only or full payments.  See the Loan Repayment section of our website for complete information on repayment options.