/Institutions/Stevens-Institution-of-Technology/json/2021-2022/Academic-Catalog-local.json

/Institutions/Stevens-Institution-of-Technology/json/2021-2022/Academic-Catalog.json

Academic Catalog > Financing a Stevens Education > Undergraduate Student Financial Aid Information > Federal Financial Aid Programs > Unsubsidized Federal Direct Loans

Unsubsidized Federal Direct Loans

Available to students who do not qualify for a Subsidized Direct loan or are eligible for loan funds in addition to their subsidized eligibility. However, students are responsible for the interest on the loan while enrolled in school. Students may choose to have the interest capitalized. The interest rate for loans made on/after July 1, 2018 and before July 1, 2019 is fixed at 5.05% and there is a 1.062% loan fee taken at the time of disbursement.