The University of North Texas Health Science Center participates in the William D. Ford Federal Direct Loan program which allows students to borrow loan funds directly from the U.S. Department of Education. Loans offered under the Direct Loan program include the Direct Stafford Subsidized Loan, Direct Stafford Unsubsidized Loan and Direct Grad PLUS Loan.
In order to apply for these loans, all borrowers must have completed a current 2017-2018 FAFSA application.
Direct Stafford Unsubsidized Loan
· Must be enrolled at least half-time in a degree-seeking program
· Not based on financial need
· Maximum eligibility combined with Subsidized Loan is $20,500 per aid year ($138,500 lifetime limit)
· Extended borrowing limits for Texas College of Osteopathic Medicine and School of Public Health students
· DL Unsubsidized Loans for 2017-2018 disbursed on or after July 1, 2017 will have 6% interest rate.
· Origination fee is currently 1.069%
· 10 year repayment beginning after graduation or when student drops below half-time
· Entrance Counseling required for first-time borrowers at UNTHSC
· Master Promissory Note required for first-time borrowers at UNTHSC
Direct Grad PLUS Loan
- submit a request on the www.studentloans.gov website. For instructions on how to apply click Here.
- Grad PLUS Master Promissory Note (only for first time borrowers)
Grad Plus Information
- · Must be enrolled at least half-time in a degree-seeking program
- · Credit check required. If borrower is determined to have adverse credit history, he/she may obtain an endorser or appeal the credit decision.
- · Student may borrow up to his/her Cost of Attendance
- · DL Grad PLUS Loans for 2017-2018 disbursed on or after July 1, 2017 will have 7% interest rate.
- · Origination fee is 4.276%
- · 10 year repayment beginning 60 days after disburses or can be deferred until after graduation or when student drops below half-time
If a student withdraws or takes a leave of absence from all classes, she may be required to pay back a portion of federal aid received. Students, who received loans and graduate, withdraw, take a leave of absence, or drop below half-time must complete Exit Counseling for their loans.
Loan Calculators (scroll to bottom of new page)
This page was last modified on May 26, 2017