>> Graduate Financial Aid Directory >> Loan Information

Federal Direct Subsidized and Unsubsidized Loan

Starting with the 2012/2013 academic year, Direct Subsidized Loan eligibility will no longer be available to graduate/professional students. However, for those students in an academic program that begins prior to July 1, 2012, they may be eligible for a Direct Subsidized Loan for 2012/2013.

The terms of the need based Federal Direct Subsidized Loan Program require that the student borrower repay, with interest, this source of financial assistance.  This program is referred to as subsidized because no interest is charged while the student is enrolled in school and during the six month grace period.

The terms of the non-need based Federal Direct Unsubsidized Loan Program require that the student borrower repay, with interest, this source of financial assistance. This program is referred to as unsubsidized because the interest is not paid by the federal government while the student is enrolled in school. Interest on Direct Unsubsidized Loans begins to accrue after disbursement of the loan funds, however, the student may choose to have the payment of the interest deferred during enrollment and later capitalized (added to principal) at the time of repayment.

Additional terms of the Federal Direct Subsidized and Unsubsidized Loan, subject to federal regulation, include:

Interest Rates and Fees Interest Rate: 6.8% Origination Fees: 1.0%* *The Federal Direct Subsidized and Unsubsidized Loans have a 1.0% origination fee, which will be deducted from the gross amount of the loan borrowed. Repayment begins six months after the student ceases to be enrolled in school on at least a half-time basis and generally extends over a 10 year period Annual borrowing limits: $20,500, with no more than $8,500 coming from the Subsidized Direct Loan Aggregate borrowing limits: $138,500, with no more than $65,500 from the Subsidized Direct Loan.

Additional information on the Federal Direct Student Loan Programs is available from the Department of Education.

---

University of Notre Dame - Office of Student Financial Services
Meet the Office of Student Financial Services Staff

Financial Aid	Student Accounts
115 Main Building	303 Main Building
Notre Dame, IN 46556	Notre Dame, IN 46556
Phone: 574-631-6436	Phone: 574-631-7113
Fax: 574-631-6899	Fax: 574-631-7117
finaid@nd.edu	stdacct@nd.edu
Request an appointment!

Student Employment

115 Main Building

Notre Dame, IN 46556

Phone: 574-631-6454

Fax: 574-631-6899

stdempl@nd.edu

The University of Notre Dame does not discriminate on the basis of race, color, national or ethnic origin, sex, disability, veteran status, or age in the administration of any of its educational programs, admissions policies, scholarship and loan programs, athletic and other school-administered programs or in employment.