Federal Direct Loan Program
Federal Direct Loan Program
Graduate/Professional Students
Application Instructions
  1. File a FAFSA online at
  2. Complete a Master Promissory Note (MPN), unless you filed one last year. You will receive a notification in May with further instruction on filing an MPN.

Federal student loan available to graduate/professional students
Loan funds available for periods of enrollment beginning on or after 7/1/2012 will be unsubsidized.

US citizen or permanent resident
Enrolled at least half-time in degree or certificate program
Not in default on prior education loan
Annual Loan Limits
$40,500 for Dental, Medical and Veterinary students (increased amounts may be available based on your academic year)
Aggregate Loan Limits

$224,000 for Dental, Medical, and Veterinary students

Interest Rate
6.6% for loans disbursed 7/1/2018 - 6/30/2019
Interest begins to accrue after first disbursement for unsubsidized loans, and may be paid quarterly while in school  or capitalized
Fees 1.062% origination
Source U.S. Department of Education
Twice a year, at the beginning of each term
Student must be registered for classes and have tuition charges
Unsubsidized Loans:
6 months after graduation or withdrawal from the University with the option to capitalize accrued in-school interest (add it to the total amount borrowed) or to begin interest payments while in school
Up to 10
May be extended through consolidation up to 30 years, depending upon the amount borrowed
Special Repayment
Income Based Repayment
Pay As You Earn
Public Service Loan forgiveness
NSLDS Access:  NSLDS is the U.S. Department of Education’s central database for Title IV student aid.  Inquiries can be made to this website for Title IV loans (Direct and Perkins) and/or Pell grants.  The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements.  In order to use the NSLDS Student Access website, you will need to login with your FSA ID username and password.  If you do not have a username and password, you can create one on the site. 

The URL is   


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