Unsubsidized Loan Loan Terms

The Direct Unsubsidized Loan limit for the Master of Financial Engineering is $20,500 (Split into 4 terms). Interest accrual is not compounded or capitalized during enrollment periods; the accrued interest is capitalized when you enter repayment.

• 7.05% fixed interest rate (on or after July 1, 2023, and before July 1, 2024)
• 1.057% loan origination fee upon disbursement
• 6 months grace period
• No credit check is required.
• No prepayment penalties

Graduate Plus Loan Loan Terms

Students may borrow up to the remaining Cost of Attendance per academic year through the Direct Graduate Plus Loan. Interest accrual is not compounded or capitalized during enrollment periods; the accrued interest is capitalized when you enter repayment.

• 8.05% fixed interest rate (on or after July 1, 2023, and before July 1, 2024)
• 4.228% loan origination fee upon disbursement
• Credit check required
• No prepayment penalties

Note: Students with an adverse credit history must obtain an endorser or appeal the credit decision with the Department of Education.