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Additional Unsubsidized Loan

Program Details

Only awarded to the following independent students:

  • Doctor of Pharmacy; Doctor of Clinical Psychology:
    • $12,500-9 mo. period
    • $16,667-12 mo. period
  • Doctor of Allopathic Medicine, Osteopathic Medicine, Dentistry and Optometry:
    • $20,000-9 mo. period
    • $26,667-12 mo. period


Interest Rates

  • Fixed interest rate of 8.08 percent for loans first disbursed on or after July 1, 2024, and before July 1, 2025
  • Fixed interest rate of 7.05 percent for loans first disbursed on or after July 1, 2023, and before July 1, 2024

Loan Fees

First Disbursement Date Loan Fee
On or after Oct. 1, 2023, and before Oct. 1, 2024 1.057 percent
On or after Oct. 1, 2022, and before Oct. 1, 2023 1.057 percent

Master Promissory Note

Once the Federal Direct Loan has been awarded and guaranteed, the Department of Education will send you a notification to complete the MPN. Loan funds will not be disbursed until the borrower completes the MPN.

You are only required to complete an MPN one time as it can be used for up to 10 years of borrowing for educational expenses. A new MPN must be signed if you cease enrollment for one full academic year or if your MPN has expired after 10 years. Each academic year, all students using the MPN will be notified of their loan eligibility.

Annual/Aggregate Loan Limits


Student does not have to pay the principal if enrolled at least half-time, but will be charged interest. Student can defer interest but it will be capitalized (added to principal loan balance) later.

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