Federal Direct Unsubsidized Loan
Unsubsidized federal loans are not based on financial need. Students are responsible for paying the interest, which begins accruing as soon as the loan is disbursed.
There is a 6-month grace period after graduation or dropping below half-time before repayment is required. The unsubsidized loan does accrue interest while the student is in school. Students can make interest payments or let the interest capitalize.
Deadline: Apply during the current academic year
Application: Must have completed the Free Application for Federal Student Aid (FAFSA) and the Federal Direct Loan Application/Master Promissory Note
First-time borrowers at KU Medical Center must complete the online entrance counseling.
Interest Rates: View current rates.
Beginning October 1st, 2018, Federal Direct Lending will deduct a 1.062% origination fee on any new Federal Direct Subsidized and Unsubsidized Loans.
Does the unsubsidized loan have to be repaid? Yes. Repayment begins 6 months after graduation or dropping below half-time.
Award Maximum: Depends on level and program. See annual and aggregate loan limits for more details.
Need based: No
Enrollment: Must be enrolled at least half-time. For specific information on undergraduate and graduate enrollment please read KU Medical Center's Enrollment Information.
Please contact our office at 913-588-5170 for more information or email us at financialaid@kumc.edu.