Federal Financial Aid
Unsubsidized Federal Stafford Loan
This loan provides for a maximum $20,500 per year and$138,500 aggregate for graduate students. Unsubsidized Stafford Loans are not need-based and interest accruing on the loan is not subsidized (or paid) by the federal government while the student is in school. Students must therefore pay the interest payments while in school or allow the interest to capitalize. Interest rates for federally guaranteed student loans are set annually. Please consult the Department of Education website for the current interest rate, https://studentaid.gov//.
Loan Repayment
Student loans are funds borrowed by students to pay educational expenses. Student loans must be repaid, as outlined in university literature. A sample loan repayment schedule may be obtained by contacting the Office of Global Financial Aid.
Student loan entrance and exit interviews are required for the Federal Stafford Loan Program (required by 34 CFR 685.304). The terms and conditions under which borrowers under the Direct Loan Program may defer payments of their loan principal and interest are reviewed during the exit interview. Additional information regarding deferment of loan repayment may be obtained by contacting the student loan guarantor or the Office of Student Financial Services.
Vocational Rehabilitation
Assistance may be available for students with disabilities. Students should contact their regional office of vocational rehabilitation in regard to benefits.