All students with need and academic good standing. Must be enrolled at least half-time. Separate Master Promissory note is required. William D. Ford Direct Unsubsidized Loan Same as Direct Subsidized Loan except interest must be paid or capitalized during enrollment period. Must be enrolled at least half-time and have academic good standing.
Annual maximums are same as for the subsidized loan.
Combination of both types of Federal Direct Loans may not exceed the annual and aggregate limits. Separate Master Promissory note is required. For parent of dependent students to borrow on the student's behalf. Repayment begins within 60 days of last loan disbursement. Need is not a factor.