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Federal Direct Loans

Federal Direct Stafford Loans are available to all eligible students who complete a Free Application for Federal Student Aid (FAFSA).


All students are eligible for Direct Unsubsidized Loans, regardless of financial need. An unsubsidized loan will accrue interest beginning at disbursement. Interest may be paid or deferred until the loan goes into repayment.

**Interest rate for the Federal Direct Unsubsidized Loan is 6.0% for 2017-2018.

How to Apply

Graduate / Professional

First time borrowers at Moravian must complete Loan Entrance Counseling and the Federal Direct Loan Master Promissory Note at Sign in with your FSA ID. You will need to know your FAFSA PIN number. Once signed in, click on “Complete Entrance Counseling” and then “Complete Master Promissory Note”.

Transfer students who have borrowed through the Direct Loan program at their previous institution do not need to complete the Master Promissory Note but they must complete Entrance Counseling.

Loan Limits for Graduate Students

YearBase Amount Additional 

All graduate and professional students are considered independent and therefore are eligible for $20,500 Direct Unsubsidized Loan annually. The student needs to be registered at least half-time (6 credits or more) to be eligible. 

Effective for periods of enrollment beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Direct Subsidized Loans. The $65,500 subsidized aggregate loan limit for graduate or professional students includes subsidized loans that a graduate or professional student may have received for periods of enrollment that began before July 1, 2012, or for prior undergraduate study. Graduate students may borrow a maximum of $138,500.

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Terms and Conditions

  1. All graduate Federal Direct Unsubsidized Loans have a fixed interest rate of 6.0% for loans disbursed after July 1, 2017 and prior to June 30, 2018.
  2. The standard 10-year repayment period begins 6 months after graduation or the student ceases to be enrolled at least half-time.
  3. There is a net Origination Fee of 1.066%.