Glossary

Federal Unsubsidized Direct Stafford Loan Eligibility

This is the amount of Unsubsidized Direct Loan for which you qualify. This is a federal student loan that must be repaid. Under the Unsubsidized Direct Loan program, interest begins accruing immediately. Students are charged quarterly for the amount of accrued interest. They may either pay it or allow it to be added to the loan principal. Repayment of principal and accrued interest begins six months after the student graduates, withdraws, or attends school less than half time. Students may borrow less than the stated eligibility.

For current Direct Loan interest rates and fees, please visit Federal Student Aid - Subsidized and Unsubsidized Loans

For more information, view your Direct Loan Borrower's Rights and Responsibilities and Annual Federal Direct Loan Limits.