Unsubsidized Direct Loan
The Unsubsidized Direct Loan interest accrues with the first disbursement. Students will be billed for the accrued interest while in school and during the six-month grace period. See the Direct Loan Interest Rates and Direct Loan Origination Fees tables for rate and fee details. Only the principal amount of the loan is deferred until after the grace period. If the student chooses not to pay the accrued interest while in school, it will be added to the principal of the loan at the time of repayment. The Unsubsidized Direct Loan is not based on financial need.