Federal Programs

  1. Federal Direct Unsubsidized Student Loan

Same terms and conditions as Subsidized Student Loans, except that the borrower is responsible for interest that accrues during deferment periods (including in-school) and during the six-month grace period. Graduate students may borrow $20,500 per academic year. In most instances, the lending institution will electronically forward the funds to the student’s UMHB account.