Federal Direct Unsubsidized Loan

A guaranteed student loan for U.S. citizens or permanent residents who do not show financial need under federal regulations. Direct Unsubsidized loans may also be available to undergraduates who have reached the borrowing limit for Direct Subsidized loans.

Eligibility: 

  • You must be a U.S. citizen or a permanent resident
  • You must be enrolled at least half-time in a degree program
  • You must maintain satisfactory academic progress
  • You cannot be in default on a federal student loan

Interest rate: 

Fixed at 4.99% for loans first disbursed from July 1, 2022, through June 30, 2023
Fixed at 5.50% for loans first disbursed from July 1, 2023, through June 30, 2024

Interest rate for graduate students: 

Fixed at 6.54% for loans first disbursed from July 1, 2022, through June 30, 2023
Fixed at 7.05% for loans first disbursed from July 1, 2023, through June 30, 2024

Loan fees: 

1.057% origination fee for loans first disbursed from October 1, 2020, through September 30, 2023

Loan limits: 

The federal government sets limits on the amount in Direct Unsubsidized loans that a student may be eligible to receive in each academic year and in total. Limits vary based on whether the student is pursuing an undergraduate or graduate degree, among other factors.

For loan limits and further details, please see under “How much can I borrow?” on the Federal Student Aid webpage on Direct loans(link is external).

Interest accrual: 

Students are responsible for interest payments on the loan while in school. A student may pay the interest monthly while still in school or may capitalize the interest by allowing it to accrue and adding it to the principal when the loan goes into repayment.

Repayment: 

Six month grace period; time frame depends on the type of repayment plan.

For information on repayment plan options, visit the Federal Student Aid Repayment Plans webpage(link is external).

Application form: 

2022-2023 Direct Loan request form for students eligible for Yale Scholarship

2022-2023 Direct Loan request form for students requesting a loan only

Application procedure: 

Please DO NOT submit application requirements or other documents through email.

Preferred submission is through the College Board IDOC system(link is external). 

If you are unable to submit through IDOC, upload the form using the Online Document Upload Tool(link is external)

New borrowers will be notified to complete the Direct Loan Master Promissory Note once Yale originates the loan with the Department of Education. They will also be notified to complete the Federal Loan Entrance Counseling Session required for all first-time borrowers.

Federal Direct Unsubsidized Loan

A guaranteed student loan for U.S. citizens or permanent residents who do not show financial need under federal regulations. Direct Unsubsidized loans may also be available to undergraduates who have reached the borrowing limit for Direct Subsidized loans.

Eligibility: 

  • You must be a U.S. citizen or a permanent resident
  • You must be enrolled at least half-time in a degree program
  • You must maintain satisfactory academic progress
  • You cannot be in default on a federal student loan

Interest rate: 

Fixed at 4.99% for loans first disbursed from July 1, 2022, through June 30, 2023
Fixed at 5.50% for loans first disbursed from July 1, 2023, through June 30, 2024

Interest rate for graduate students: 

Fixed at 6.54% for loans first disbursed from July 1, 2022, through June 30, 2023
Fixed at 7.05% for loans first disbursed from July 1, 2023, through June 30, 2024

Loan fees: 

1.057% origination fee for loans first disbursed from October 1, 2020, through September 30, 2023

Loan limits: 

The federal government sets limits on the amount in Direct Unsubsidized loans that a student may be eligible to receive in each academic year and in total. Limits vary based on whether the student is pursuing an undergraduate or graduate degree, among other factors.

For loan limits and further details, please see under “How much can I borrow?” on the Federal Student Aid webpage on Direct loans(link is external).

Interest accrual: 

Students are responsible for interest payments on the loan while in school. A student may pay the interest monthly while still in school or may capitalize the interest by allowing it to accrue and adding it to the principal when the loan goes into repayment.

Repayment: 

Six month grace period; time frame depends on the type of repayment plan.

For information on repayment plan options, visit the Federal Student Aid Repayment Plans webpage(link is external).

Application form: 

2022-2023 Direct Loan request form for students eligible for Yale Scholarship

2022-2023 Direct Loan request form for students requesting a loan only

Application procedure: 

Please DO NOT submit application requirements or other documents through email.

Preferred submission is through the College Board IDOC system(link is external). 

If you are unable to submit through IDOC, upload the form using the Online Document Upload Tool(link is external)

New borrowers will be notified to complete the Direct Loan Master Promissory Note once Yale originates the loan with the Department of Education. They will also be notified to complete the Federal Loan Entrance Counseling Session required for all first-time borrowers.

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Henry, born in 1991 and a graduate of Stanford University, is currently the CEO and Founder of the website bhupendrachaubey.com.



With a passion for providing readers with the most useful and accurate information related to education, technology, and knowledge, Henry has assembled a team of experts to ensure the content on the website is top-notch. As the main editor of the website, Henry is dedicated to collecting information quickly and accurately to synthesize and send to readers in a timely manner.

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