Direct Unsubsidized Loan
E572500
A Direct Unsubsidized Loan is a federal student loan that accrues interest from disbursement and is available to eligible undergraduate, graduate, and professional students regardless of financial need.
Observed surface forms (4)
| Surface form | Occurrences |
|---|---|
| Direct Unsubsidized Loans | 1 |
| FFEL Unsubsidized Stafford Loans | 1 |
| Unsubsidized Federal Stafford Loan | 1 |
| Unsubsidized Stafford Loan | 1 |
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Department of Education loan program
ⓘ
federal student loan ⓘ |
| accruesInterestFrom | date of first disbursement ⓘ |
| administeredBy | U.S. Department of Education NERFINISHED ⓘ |
| aggregateLimitDependsOn | undergraduate or graduate level ⓘ |
| annualLimitDependsOn |
dependency status
ⓘ
year in school ⓘ |
| availableTo |
eligible graduate students
ⓘ
eligible professional students ⓘ eligible undergraduate students ⓘ |
| borrowerType | student borrower ⓘ |
| canBeUsedFor |
books and supplies
ⓘ
room and board ⓘ transportation and other education-related expenses ⓘ tuition and fees ⓘ |
| capitalizationEffect | increases total cost of the loan ⓘ |
| capitalizationOccursWhen | borrower does not pay interest as it accrues ⓘ |
| coSignerRequired | no ⓘ |
| creditCheckRequired | no for standard eligibility ⓘ |
| disbursedThrough | school financial aid office ⓘ |
| disbursementForm |
credit to student account
ⓘ
direct payment to student for other education expenses ⓘ |
| doesNotRequire | demonstrated financial need ⓘ |
| eligibilityDependsOn |
U.S. citizenship or eligible noncitizen status
ⓘ
enrollment at least half-time in an eligible program ⓘ satisfactory academic progress as defined by the school ⓘ |
| eligibleFor |
Public Service Loan Forgiveness if other criteria are met
ⓘ
deferment under qualifying conditions ⓘ forbearance under qualifying conditions ⓘ income-driven repayment plans ⓘ |
| fundsSource | U.S. Treasury via the Direct Loan program ⓘ |
| gracePeriodLength | typically six months after graduation, leaving school, or dropping below half-time ⓘ |
| hasAggregateLoanLimit | yes ⓘ |
| hasAnnualLoanLimit | yes ⓘ |
| hasOriginationFee | yes ⓘ |
| inSchoolPaymentRequirement | no required principal payments while enrolled at least half-time ⓘ |
| interestMayBe |
capitalized if unpaid
ⓘ
paid while in school ⓘ |
| interestRateSetBy | federal law ⓘ |
| interestRateType | fixed interest rate ⓘ |
| interestRateVariesBy |
academic level
ⓘ
first disbursement date ⓘ |
| interestResponsibility | borrower is responsible for all interest ⓘ |
| isNot |
Direct Subsidized Loan
NERFINISHED
ⓘ
need-based aid ⓘ |
| originationFeeSetBy | federal law ⓘ |
| partOf | William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| repaymentBegins | after end of grace period ⓘ |
| replaces | Federal Stafford Unsubsidized Loan under the Direct Loan program naming ⓘ |
| requires | completion of the Free Application for Federal Student Aid (FAFSA) ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Direct Unsubsidized Loans
this entity surface form:
FFEL Unsubsidized Stafford Loans
this entity surface form:
Unsubsidized Federal Stafford Loan
this entity surface form:
Unsubsidized Stafford Loan