To apply for Direct Subsidized/Unsubsidized loans you must first complete the FAFSA. Once you successfully file the FAFSA you will need to complete the Loan Entrance Counseling session and Master Promissory Note (MPN) to accept the loans in your financial aid offer. After you file the FAFSA you may apply for a Graduate PLUS Loan. Instructions are located on the right-hand side!

Eligibility for the Graduate PLUS loan is as follows:

  • You must be a graduate or professional student enrolled at least half-time in an eligible program leading to a graduate or professional degree
  • You must not have an adverse credit history
  • You must have successfully completed the FAFSA

To view your cumulative student loan history to date, including lender name(s) and contact information, login to https://studentaid.gov/ using your FSA ID and password.

 

Yearly Loan Limits

Student Type

Credit Hours

Loan Limit

Graduate

120+

$20,500 (unsubsidized loans only)

Pharmacy (P1 to P3)

-

$33,000 (unsubsidized loans only)

Pharmacy (P4)

-

$37,167 (unsubsidized loans only)

 

The current interest rate for 2021-2022 is 5.28%.

The current origination fee for 2021-2022 is 4.228%. The origination fee is a percentage of your loan amount charged by the lender for the processing of your loan. The amount disbursed will be slightly lower than the amount you accept.

 

Lifetime Loan Limits

Student Type

Loan Total

Graduate

$138,000 (unsubsidized loans only)

Pharmacy

$224,000 (unsubsidized loans only)

 

Please note that these lifetime totals do not take into consideration any Graduate PLUS loans or private loans taken out by a student.