Unsubsidized Stafford Loans

An unsubsidized loan is available to you if you are a graduate student, an independent undergraduate student with calculated need, a student who does not show "need", or a dependent undergraduate student whose parents have been denied a PLUS. These loans are funded by lending institutions and can be used to assist you in meeting your educational costs. First and second year students who are eligible may borrow up to $4,000 per academic year; third and fourth year students may borrow up to $5,000; graduate students may borrow up to $12,000. You can borrow both your established "unmet" need as well as your calculated self�help figure. Unlike the Subsidized Stafford Student Loan, the interest does accrue and is added to the principal of the loan. Interest only payments can be made while you are in school.

For information on Unsubsidized Stafford Loans go to http://aar.calarts.edu/aid/unsub.htm [1]

Loan Counseling

Students who borrow under the Federal Family Education Loan Program are required to complete entrance counseling before receiving loan proceeds from their first loan and exit counseling shortly before graduating or otherwise leaving school.