Office of Student Financial Planning

Professional Financial Assistance Programs

A federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students borrow directly from the U.S. Department of Education at participating schools. Direct Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans are types of Direct Loans.

Unsubsidized Direct loans are loans for which the borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan. Repayment for this loans begins after graduation or when the student drops below part-time. The student has up to 10 years to repay this loans.

Additional Information:

  • Student must be enrolled at least half time (3 credit hours for graduate students)
  • Annual limit is $20,500
  • Current fixed interest rate is 4.30% as of 7/1/20
  • Current origination fee is 1.057% as of 10/1/20 (this fee is deducted up front and thus lowers the actual net amount of each disbursement that appears on your tuition bill)
  • Rates may change depending on legislation so please visit the Federal Student Aid Interest website for the most current information
  • Lifetime limit is $138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
  • Loans are disbursed at the start of each academic term
  • If the interest is capitalized (allowed to accumulate) it will be added to the principal amount of the loan and will increase the amount the borrower will have to repay.
  • If the choice is made to pay the interest as it accumulates, the total interest charges paid during repayment will be considerably less. Payments would be made directly to your federal loan servicing company. Information on how to contact your specific company is available under the “Manage Loans” menu on the federal website.

To accept, decline or accept part of the federal direct loans you are offered you will need to complete a Federal Direct Student Loan Form. In order to receive funding from the Federal Direct Unsubsidized Loan program, you must go to to complete Entrance Counseling, sign a Master Promissory Note (MPN) and complete the Annual Student Loan Acknowledgement. All three of these online steps must be completed before funds will be released from the federal loan center. These steps are explained in detail in steps 1, 2 and 3 on our Federal Direct Student Loan Form.


Our main office is located in Suite 100 of Roberts Hall.

Phone: (336) 841-9124
Fax: (336) 841-4649
FAFSA/Title IV School code: 002933