Federal Direct Unsubsidized Loan

Law students will be notified of their Unsubsidized Loan eligibility in their financial aid notification letter. 

  • Loan Limit: annual limit is $20,500, split evenly at $10,250/semester. Aggregate/Lifetime program limit is $138,500.
  • Interest Rate: adjusts annually on July 1st and is fixed for the life of the loan. For loans disbursed between 7/1/23 and 6/30/24, the rate is 7.05%.
  • Origination Fee: 1.057% for loans disbursed on or after 10/1/20 and before 09/30/24.
  • Eligibility: US Citizens or Permanent Residents who file the FAFSA, and are enrolled at least half time (6 credits in fall/spring or 4 credits in summer).
  • Credit Requirements:  none
  • Repayment Terms: Repayment begins 6 months after borrower ceases to be enrolled half-time.  While enrolled, borrowers may elect to make interest-only or full payments.  See the Loan Repayment section of our website for complete information on repayment options.