MIT Student Financial Services Loans

Federal Direct Stafford Unsubsidized Loan –
GRADUATE and professional STUDenTS

A federal low-interest student loan available to undergraduates, graduate and professional students who do not qualify for a maximum Federal Direct Stafford Subsidized Loan.

How to Apply

Applying for the first time? Complete steps 1-3 before the academic year begins to receive credit on your fall semester bill. Applications are accepted throughout the academic year.

Reapplying? Complete step 1 before the academic year begins to receive credit on your fall semester bill. Applications are accepted throughout the academic year.

Deadlines. The date for priority consideration is the April 1st which precedes your fall enrollment date. MIT will continue to accept applications throughout the academic year.

Students planning to finish their program in the summer term need to have completed and submitted their financial aid application by August 1st. Students who plan to graduate in February must have submitted a complete financial aid application by December 1st. Students planning to be here in the spring term must have completed their financial aid application by May 1st.


About This Loan

Eligibility requirements
Maximum annual loan
Aggregate limit
  • $138,500 including undergraduate Federal Direct Subsidized and Unsubsidized Loans
Interest rate
Fees
  • Loans with a first disbursement date on or after July 1 and before December 1 have an Origination fee of 1.051%.
  • Loans with a first disbursement date on or after December 1 have an Origination fee of 1.072%
Repayment
Important Sites

Loan exit counseling
If you borrowed a Federal Direct Stafford Loan, Federal Perkins Loan or Federal Direct Graduate PLUS Loan, you are required by federal law and MIT policy complete an exit interview online before graduation. If you borrowed an MIT Technology Loan, contact your loan counselor to schedule an exit interview. Required reading: the SFS loan exit counseling guide.

Loan entrance counseling
For Federal Direct Loans visit StudentLoans.gov to complete loan entrance counseling and sign a master promissory note. For Federal Perkins Loans visit iPROMise to complete loan counseling and sign a master promissory note.

Campus Partners
Campus Partners handles billing and payment for Federal Perkins Loans and MIT Technology Loans.

StudentLoans.gov
StudentLoans.gov handles billing and payment for Federal Direct Loans and Graduate PLUS Loans.

Loan payment calculator

Estimate your loan payments.

Compare loans

These two printable charts can help you compare loans available to undergraduates and their families, and loans available to graduate students.

View Undergraduate loans

View Graduate loans
 
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