Unsubsidized Student Loan

This loan is available to undergraduate and graduate students enrolled at least half time regardless of need.  

Undergraduate students are eligible to borrow up to $2,000 per year, in addition to their subsidized loan eligibility. Interest begins to accrue immediately after disbursement. Independent students (as determined by the FAFSA) may borrow additional unsubsidized loan funds, up to $4,000 for freshmen and sophomores and $5,000 for juniors and seniors.

The unsubsidized annual loan limit for graduate students is $20,500 per academic year, up to the student’s cost of attendance (a student's cost of attendance may be less than the annual loan maximum). 

The interest rate is 4.29 percent for the Unsubsidized Student Loan program in 2015–16 for undergraduates and 5.84 percent interest for graduate students . At the time of this writing, the 2016-17 interest rates are not available.