Federal Direct Unsubsidized LoansA student applicant must establish his/her eligibility or ineligibility for the Federal Direct Subsidized Loan before a Federal Direct Unsubsidized Loan can be processed. While attending school, students borrowing under this program must either capitalize the interest or pay the interest by the due date while attending graduate school. The maximum yearly amount a student can borrow from both the Federal Direct Subsidized and Federal Direct Unsubsidized Loan Programs combined is $20,500. |