Federal Stafford Loan

Terms and conditions of the Unsubsidized Federal Stafford Loan include:

• Non need-based loan
• Available to U.S. citizens or permanent residents
• Fixed interest rate of 6.8%
• $20,500 maximum loan amount per academic year
• $138,500 aggregate loan limit
• Interest begins to accrue when the funds are disbursed to the student. Student may choose to make regular interest payments while in school, or have the interest capitalized at repayment
• Unsubsidized Federal Direct Loans have a 1.0% origination fee
• Repayment begins six months after graduation, withdrawal from school, or when a student drops below half-time enrollment
• The maximum repayment period can extend up to 30 years depending on loan limit

Terms and conditions are subject to change according to federal law. For more information about the Federal Stafford Loan program, visit Northwestern Student Loans.