Financial Aid Home




Calendar

JULY 4 

Independence Day; Campus Closed

JULY 15

Deadline to Apply for Summer Aid

AUG 16 

Last Day to Work Summer Work-Study

AUG 25 

Fall Classes Begin

Federal Direct Subsidized and Unsubsidized Loan Features for Undergraduate Students

  • Subsidized loans are need-based and do not have interest accruing while you are in school or in deferment.
  • Unsubsidized loans may or may not be based on financial need and interest accrues while you are in school or in deferment.
  • Loan origination fee is 1.072%.
  • Repayment begins 6 months after you graduate, drop below half time, or withdraw. Learn more about managing repayment of your student loans.
  • Subsidized loans with a disbursement date on or after July 1, 2012 will not be eligible for subsidized interest benefits during the six-month grace period after a student graduates or falls below half-time enrollment. Interest will accrue during the grace period and will be capitalized if unpaid by the borrower.

Fixed Interest Rates

Date of First Disbursement Subsidized Unsubsidized
7/1/11 - 6/30/13 3.4% 6.8%
7/1/13 - 6/30/14 3.86% 3.86%
7/1/14 - 6/30/15 4.66% 4.66%