The federal government pays the interest that accrues on the loan while the student is enrolled and during a six-month grace period afterward. Students must be enrolled at least half-time to be eligible. Unsubsidized Loans Federal Direct Unsubsidized Loans are non-need based. Students who meet general eligibility requirements and who are enrolled at least half time may qualify. The student is responsible for all interest that accrues while the student is enrolled.
Interest begins to accumulate from the date of the first loan disbursement and is billed quarterly.
Students may choose to pay the interest that accumulates or have it capitalized. Low-interest federal direct subsidized, unsubsidized, and nursing loans are available to graduate students who apply for financial aid. For more information regarding student loans, please contact the Student Financial Aid and Employment Office.