Graduate Student Federal Loans

Helpful Tip: Consider a Monthly Payment Plan prior to borrowing a loan.   

Direct Unsubsidized Loan

Direct Unsubsidized Loans are federal student loans that must be repaid. Direct Unsubsidized Loans are included in your financial aid offer for the maximum amount you are eligible to borrow.  You may accept, reduce or decline your loan in the Middlebury Financial Aid Portal. 

Eligibility

Direct Unsubsidized Loans are offered to students who complete the Free Application for Federal Student Aid and meet the eligibility requirements for federal student aid.  The annual loan maximum is $20,500 or your cost of attendance, whichever is less. The annual loan limit will be prorated for part-time enrollment.

Interest and Fees

The interest rate for Direct Unsubsidized Loans for Graduate Students disbursed between July 1, 2025 and June 30, 2026 is fixed at 7.94%, with a fee of 1.057% deducted from the loan amount at disbursement. Students are responsible for paying the interest that accumulates after the loan is disbursed. The interest can be paid while in school or the accrued interest will be capitalized (added to the principal balance). For more information, visit Federal Student Aid. 

Repayment

Direct Unsubsidized Loan payments are deferred while the student is enrolled at least half-time, and there is a one-time 6 month grace period after the student graduates, withdraws, or drops below half-time before loan payments begin. The loan offers multiple repayment plan options.

 Requirements for Borrowers

• Accept, reduce or decline your loan in the Middlebury Financial Aid Portal.
• First-time borrowers only: Complete both  Entrance Counseling and Master Promissory Note (MPN) for Unsubsidized Loans.