Federal Direct Unsubsidized Stafford Loan

Students who are first-time borrowers of the Federal Direct Stafford Loans, must complete an electronic Master Promissory Note (MPN) and on-line Entrance Loan Counseling to receive the funds. In most cases, the student will be required to complete the MPN and entrance counseling session only once during their years in college.

Obtain information regarding grace periods and repayment plans from the Federal Student Aid web site.

Lender	Federal Government
Interest Rate	Fixed at 6.8% for loans disbursed after July 1, 2006
Interest Free in School	No
Loan Fee	1.051% for loans disbursed on or after July 1, 2013 1.0% for loans disbursed July 1, 2010 - June 30, 2013 1.5% for loans disbursed July 1, 2009 - June 30, 2010
Annual Maximum - Dependent Student (Includes amount of Subsidized Stafford Loan)	$5,500 freshman (0-29 earned hours) $6,500 sophomore (30-59 earned hours) $7,500 junior and senior (60+ earned hours)
Annual Maximum - Self-Supporting Student (Includes amount of Subsidized Stafford Loan)	$9,500 freshman (0-29 earned hours) $10,500 sophomore (30-59 earned hours) $12,500 junior and senior (60+ earned hours) $20,500 graduate and professional
Cumulative Maximums	$31,000 dependent undergraduate* $57,500 self-supporting undergraduate* $138,500 graduate and professional**

*No more than $23,000 of this amount may be in subsidized loans.

**No more than $65,500 of this amount may be in subsidized loans.