A Federal Direct Unsubsidized Stafford Loan is not based on financial need. It is available to you if you have not reached your annual maximum loan limit combined with your Federal Direct Subsidized Stafford Loan eligibility.

The interest rate for federal Unsubsidized Stafford Loans is variable and changes every July 1st. There is also an origination fee that will be deducted before the loan proceeds are sent to the school.

The interest on an Unsubsidized Stafford Loan is the student's responsibility from the time the loan funds are sent to the university until it is paid in full. The student can opt to allow the interest to accumulate; however, it will be added to the principal amount of the loan and increase the amount to be repaid. It is recommended that the student contact the lender to make quarterly payments on the interest.

Application Priority Processing Dates

Your loan application must be on file with our office by these dates in order for your loan funds to be available for the first billing due date.

Final Application Deadline Dates

Loan applications submitted after the priority deadline dates will be processed throughout the semester; however, MPNs and Entrance Counseling received after the following deadline dates cannot be processed:

Stafford Loan Eligibility Requirements

• The student must be meeting Satisfactory Academic Progress (SAP) standards
• The student must be enrolled for at least six credits each semester
• A current year FAFSA application is required
  • If the FAFSA application is selected for verification, all required documents must be submitted and reviewed before the loan can be processed

Apply for a Federal Direct Unsubsidized Stafford Loan

In order to be eligible to apply for a Federal Direct Subsidized Stafford Loan, you must complete the FAFSA and be enrolled for at least six credits by the add/drop deadline each semester. If you are eligible for a Federal Direct Unubsidized Stafford Loan, it will be included in your financial aid award package.

In order to receive a Federal Direct Unsubsidized Stafford Loan, you must complete a Master Promissory Note (MPN) before the loan funds will be disbursed.  In most cases, you will only be required to complete one MPN during your college career.

The Stafford loan process is a two-step process:

Step 1- Complete a Federal Direct Stafford Loan Master Promissory Note
Step 2- Complete the Stafford Loan Entrance Counseling

Reduce or Cancel a Federal Direct Unsubsidized Stafford Loan

If you would like to reduce or cancel this loan, you must inform our office by completing the Loan Decrease/Cancel Request Form, also located on our Web site under forms. Please submit this form to our office for processing well before your funds are set to disburse to your billing account in order to avoid complications with the return of these funds.