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Federal Direct Graduate 未受资助的 Loan

Federal Direct Graduate 未受资助的 Loans are fixed-rate loans available to degree-seeking graduate or professional students enrolled at least half-time in courses that are degree applicable.

Eligibility and annual funding level is determined by:

  • Submitting a valid FAFSA for the academic year
  • Enrollment in a qualified graduate or professional program
  • Your cost of attendance

Maximum Annual Limit: The annual limit is determined by your program of study and cost of attendance.

  • Master's Programs: You may borrow up to $20,500 per year
  • Doctor of Pharmacy Program, Years P1-P3: You may borrow up to $33,000 per year
  • Doctor of Pharmacy Program, Year P4: You may borrow up to $37,167 (P4 year includes summer, 秋天, 春天)

未受资助的: You are charged interest from the date the loan funds are disbursed to your student 账户 until the loan is paid off. Note the following:

  • You may pay the interest while enrolled in school; or
  • You can allow the interest to accrue.
    • Any unpaid interest, at the time the loan goes into repayment, is capitalized and added to the loan principal 量.
    • No penalty is incurred for early repayment.

1. 完成 FAFSA

完成 Free Application for Federal Student Aid (FAFSA)在线.

  • You cannot receive a federal direct loan unless you complete the FAFSA.
  • The FAFSA will also determine your eligibility for the federal loan program.

2. Record your eAward Decision

Using myCU, access your 金融援助 账户.

  • Select the aid year that you wish to review at the 'Select an Award Year' field.
  • Click on ‘Review and accept your 金融援助 Award Package’ under the Checklist section.
    • 注意: All the steps on the checklist prior to this must be completed first.
  • Review the direct loans that are part of your financial aid package and record your decision.
  • After you ‘Accept’ or ‘Decline’ the loan(s), you will be able to see the immediate changes in your eAward.
    • 注意: If, 在以后的日子, you change your mind regarding an ‘Accepted’ or ‘Declined’ loan, you CANNOT change it in your Self-Service 账户. 要改变 贷款状态 OR 量, please review our FAQ on Loans (Types, Fees, Limits, Repayment) page for further instructions.

3. Complete Graduate Entrance Counseling

作为一个 first-time borrower, you must complete Graduate Entrance Counseling to obtain a Federal Direct Student Loan.

  • Make sure you select the option to complete entrance counseling as an 研究生.
  • Students who completed Graduate Entrance Counseling in a prior year have met this federal requirement.
  • Transfer students: If you received a 研究生 Direct Loan at another institution, in most cases this requirement is considered met as long as Cedarville is able to confirm the prior Graduate Entrance Counseling.

4. 完成 Subsidized/未受资助的 Master Promissory Note

作为一个 first-time student borrower, you must complete a Subsidized/未受资助的 Loan MPN to obtain a Federal Direct Student Loan.

  • 在大多数情况下, students who received direct loan funds in a prior year have met this federal requirement.
  • Transfer graduate/professional students: If you received Federal Direct Student Loan funds at another institution, in most cases this requirement is considered met as long as Cedarville is able to confirm your prior borrowing.