/Institutions/Neumont-University/json/2016-2017/Catalog-local.json

/Institutions/Neumont-University/json/2016-2017/Catalog.json

Federal Direct Unsubsidized Loans

Federal Direct Unsubsidized Loans are the same as Federal Direct Subsidized Loans, except that they do not require the student to demonstrate financial need. The term “unsubsidized” means that interest is not paid by the U.S. Department of Education for the student during the “in-school” period. Payments may be deferred while the student is enrolled at least half time and for a period of six months after that date. The student is also charged an origination fee on the amount of the unsubsidized loan. The fee is deducted proportionately from each disbursement.

For information on the annual limit for unsubsidized loans and the total maximum indebtedness for dependent and independent students, please contact the Office of Financial Aid or visit www.studentaid.gov.