Loans for Graduate Students
Federal Direct Unsubsidized Loan
The Direct Unsubsidized Loan is a federal loan offered to students with eligibility as determined by the FAFSA.
No credit check is required on these loans, but you may not be in default on any previous student loans to qualify. These loans are unsubsidized, and interest will begin accruing while you are in school. You may defer repayment for up to 6 months after leaving school.
Federal Direct Graduate PLUS Loan
The Direct Graduate PLUS Loan is a federal loan. A credit check is required.
While the interest rate on the Direct Graduate Plus Loan is higher than the Direct Unsubsidized Loan, it is typically lower than a private student loan. Interest will begin accruing as soon as the first disbursement of funds is made, but repayment may be deferred for 6 months after you leave school.
Alternative loans are offered by third-party, private lenders. A credit check is required and they are not based on financial need. Alternative loans have fixed and variable interest rates which depend on the borrower and co-signer's credit and the loan market. We generally recommend that a student exhaust all federal loan opportunities before using Alternative loans.
The amount you may borrow will be the amount that remains from your estimated Cost of Attendance after subtracting all other forms of financial aid you have accepted, such as scholarships, grants, work study and federal loans.
Dreamers Graduate Loan Program
The Dreamers Graduate Loan Program supports Dreamers with Deferred Action for Childhood Arrivals (DACA) or Temporary Protected Status (TPS) status who want to pursue professional degrees to achieve their career aspirations but do not have access to affordable financing options. This loan program provides loans to individuals with DACA and TPS status with interest rates based on the annual percentage rate (APR) available via the federal government’s Direct PLUS loan program. This is a private loan program, with Funding U as the loan originator and Launch LLC as the loan servicer. Learn more at the Higher Ed Immigration Portal.