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Federal Direct Loans

Unsubsidized Direct Loan

The federal unsubsidized Direct loan is offered to students enrolled in an eligible degree seeking program who is enrolled in 6 or more credits per semester they wish to use loan funding. 

  • Unsubsidized loans allow for deferment of principal payments only; interest will begin ascending immediately and is added to the repayment total, due after the six-month grace period.
    • Students with unsubsidized loans are strongly encouraged to make monthly interest payments while in school
    • Otherwise, the deferred interest will be capitalized, and this accrued amount will be added to the loan principal when repayment begins
    • Contact your loan servicer to set up interest payments

Congress determines the interest rates each year based on current market rates. However, interest rates are fixed for the life of the loan.   

  • Unsubsidized Direct loans for graduate or professional students carry a fixed interest rate of 5.28% for loans disbursed on or after July 1, 2021 and before June 30, 2022.

Federal Direct Loans are subject to a 1.057% origination and guarantee fee, deducted before funds are disbursed.

  • Graduate students enrolled in a degree seeking program may be eligible to borrow up to $20,500 in federal Direct Unsubsidized loan funding per academic year.
  • Graduate students enrolled in an eligible certification only program may be eligible to borrow up to $12,500 in federal Direct Unsubsidized loan funding per academic year. 

How to Request Federal Loan Funding

Cabrini University requires three easy steps to secure federal loan funding after you have been accepted and enrolled in an eligible program.  Please follow these steps in order.  If for any reason your counselor has questions they will contact you via your Cabrini e-mail address.

1. File the Free Application for Federal Student Aid

2. Complete our required supplemental form*

3. Complete Entrance counseling and Master Promissory Note online at studentloans.gov

*Students enrolled in the Doctorate in Organizational Development program should visit this page here for instructions. 

** An academic year includes the Fall semester, Spring semester, and Summer semester. If beginning your program in the Summer semester, you may need to complete the previous academic year's FAFSA to be eligible for federal aid. For example, the 2021-2022 FAFSA is for Fall 2021, Spring 2022, and Summer 2022. The 2022-2023 FAFSA is for Fall 2022, Spring 2023, Summer 2023.**

**Please be advised, the FAFSA closes on June 30th of the ending year. For example, the 2022-2023 FAFSA will close June 30, 2023. Our office will not be able to process any federal aid without a completed FAFSA for the appropriate aid year.**