Federal Student Loans
Federal Unsubsidized Direct Loans
Federal Unsubsidized Direct Loans are federally supported, low-interest student loans with flexible repayment options.
An applicant/student must be a U.S. citizen, a naturalized citizen of the United States, permanent resident or an eligible non-citizen. All applicants must submit the Free Application for Federal Student Aid (FAFSA) for determination of Direct Loan eligibility. Students must also complete Entrance Counseling and the Master Promissory Note before the INITIAL disbursement of a Federal Direct Loan Loan can be made.
More detailed information about interest rate, fees, and loan terms can be obtained at the U.S. Department of Education Student Aid website.
Annual Loan Limits
The below charts details the annual maximum limit for the Unsubsidized Direct Loan, based off the enrolled program, as well as the academic year.
Incoming students: if you submitted a FAFSA, and a complete financial aid application, you will be awarded the annual maximum for your school of enrollment. Please contact our office via email to reduce, or cancel awarded federal loans. Provide your name, and BU ID in your correspondence,