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Federal Direct Unsubsidized Loan

Apply for a LoanApplying for Academic Year LoansFederal Direct Unsubsidized LoanFederal Direct Graduate PLUS Loan3L Bar Loan

How to Begin:  To begin the application process for all federal loans, law students must complete all of the financial aid application requirements.  Students should log onto MySlice to view their "Financial Aid To Do List" and submit all of the necessary documents to apply for financial aid.

Eligibility: US Citizens or Permanent Residents, who file the FAFSA, and are enrolled at least half time (defined as 8 credits/semester for the fall or spring, and 4 credits/semester for the summer).

Law students will be notified of their Unsubsidized Direct Loan eligibility by the College of Law Financial Aid Office, in their financial aid award notification.

Promissory Note:  First-time borrowers at the College of Law must file a Master Promissory Note (MPN) for the Federal Direct Unsubsidized Loan. When instructed by the College of Law Financial Aid Office, first-time borrowers should log onto the Federal Student Aid Website StudentLoans.gov to finalize their loan application.  Continuing students who previously have borrowed a Federal Direct Unsubsidized Loan at Syracuse University do not need to complete an additional MPN, unless instructed to do so on the "Financial Aid To Do List."

Loan Limit:  $20,500 per academic year;  $138,500 aggregate limit (for all postsecondary education)

Interest Rate:  Fixed at 6.21% (for loans disbursed between 7/1/14 and 6/30/15)

Fees:  Unsubsidized Direct Loans have a 1.073% Origination Fee.

Disbursement:  Academic year loans are multiply disbursed; half of the loan amount, minus applicable fees, will be disbursed at the beginning of the fall semester and half, minus fees, for the spring semester.