Federal Student Loans
The maximum amount a student may borrow is based on the program of study and demonstrated financial need. If the allowable cost of education exceeds the maximum Direct Loan eligibility, the student may borrow from a private loan. Entrance counseling is required for Federal Direct Loans
Overview
Types of Federal Loan Programs
Federal Direct Subsidized Loan
As of July 1, 2012 the federal government removed the interest-free subsidy on the subsidized Direct Loan for graduate students.
Federal Direct Unsubsidized Loan
A non-need based loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). A loan fee of approximately 1% will be deducted from the loan prior to disbursement. Repayment begins 6 months after graduation. These funds must be repaid.
Private Student Loans
Private student loans are credit-based and require a credit check which determines your eligibility and your interest rate. If you need to supplement your graduate school funding with private student loans, comparing lenders can help you find the best option for your needs. Do your research and compare multiple lenders.
You can find additional information at by visiting NUHS Private Loan Page
More Information
Most loan and scholarship programs require students to maintain standards of satisfactory academic progress.
Loan Maximums
Allowable Loan Maximums
| Loan Program | Maximum Per Period |
|
| DC Direct Unsub Academic Period Max | $40,000 | |
| ND & Masters Direct Unsub Academic Period Max | $20,500 | |
| Master’s Program |
|
|
| Undergrad | Up to $12,500* |
Note: A period is two trimesters.
* Dependency and Grade level dependent
Aggregate Direct Loan Maximums – DC
| Loan Program | Maximum |
| Direct Undergrad Aggregate | $57,500 |
| Direct Unsub Aggregate | $200,000 |
| Direct Loan Aggregate Lifetime | $257,500 |
Aggregate Direct Loan Maximums – ND & Masters Programs
| Loan Program | Maximum |
| Direct Undergrad Aggregate | $57,500 |
| Direct Unsub Aggregate | $100,000 |
| Direct Loan Aggregate Lifetime | $257,500 |
Aggregate Direct Loan Maximums – Undergrad
Aggregate Direct Loan Maximums – Undergrad
| Loan Program | Maximum |
| Direct Subsidize | $23,000 |
| Combined Direct Sub and Unsub | $57,500* |
* Dependency and Grade level dependent