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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).

Unsubsidized

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.

How to Apply

Graduate / Professional

First time borrowers at Moravian must complete Loan Entrance Counseling and the Federal Direct Loan Master Promissory Note at studentloans.gov. Sign in with your FSA ID.  Once signed in, click on “Complete Entrance Counseling” and then “Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN).

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

Loan Limits for Graduate Students

Base Amount

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. Graduate students may borrow a maximum of $138,500.

For more information, visit studentaid.ed.gov

Terms and Conditions

  1. All graduate Federal Direct Unsubsidized Loans have a fixed interest rate of 6.6% for loans disbursed after June 1, 2018 and prior to July 1, 2019.
  2. The standard 10-year repayment period begins 6 months after graduation or the student ceases to be enrolled at least half-time. Operations for income based and more flexible payment plans are also available at http://studentaid.ed.gov/sa/repay-loans.
  3. There is a net Origination Fee of 1.066%.