Loans for Graduate Students
Federal Direct/Stafford Loans are the most common type of aid for graduate students. Eligibility and means of distribution are determined by the University Office of Student Services.
Unsubsidized Loans
Students may borrow a total of $20,500 per year, consisting of any combination of unsubsidized and subsidized loans, depending on the eligibility of the applicant. It is possible to qualify for $20,500 in unsubsidized loans (not based on need), or the difference between $20,500 and the amount awarded for a subsidized loan. Enrolled students must make interest payments on unsubsidized loans.
Subsidized Loans
A maximum of $8,500 per year is need-based and interest free while a student is enrolled in a graduate program. After a six-month grace period following graduation, loan repayments begin.
Perkins Loans
The federal government also funds the Federal Perkins Loan. A limited amount of awards are available, based on financial need. These are low interest loans, and the interest does not accrue until the repayment period begins. There are no guarantees or origination fees, and payments are not due until nine months after graduation, or if a student falls below half-time enrollment status. All loans require the submission of the Free Application for Federal Student Aid (FAFSA). Applicants must be U.S. citizens.
For more information, visit the DU Office of Student Financial Services web site.