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Office of Financial Aid
Teachers College, Columbia University
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Federal Student Aid > Federal Direct Stafford Unsubsidized Loan

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Federal Student Aid

Federal Direct Stafford Unsubsidized Loan

Students may borrow a Federal Direct Unsubsidized Stafford Loan given that they meet certain criteria. This loan is not awarded on the basis of financial need. Interest will accrue on the loan as soon as it disburses and will continue to accrue until it is paid in full. You are not required to take the full amount of what is offered to you; you are given the option to decline the entire amount or a partial amount.

We encourage students to make payments toward their loan interest while they are in school. To do this, find your lender information on the National Student Loan Data System (NSLDS) at www.nslds.ed.gov and contact them to set up a payment schedule.

Federal Direct Stafford Unsubsidized Loan Details:
  • Not based on need; students may qualify without showing financial need.
  • Student must be enrolled at least half-time (six credits or the equivalent) to be eligible to receive the funds.
  • Fixed interest rate of 5.41%; interest accrues while in school and during grace period.
  • Six month grace period (before one is required to make payments).
  • Student may be awarded up to $20,500 per academic year.
  • Unless a student will be attending for only one semester, half of the total requested amount will disburse in the fall and half of the total requested amount will disburse in the spring.
  • A loan fee of 1.072% will get taken off of each disbursement.
Students may receive a Federal Direct Unsubsidized Stafford Loan offer each academic year for which they are eligible, until they reach the aggregate federal maximum, which is $138,500.

Note: to accept your aid, please follow the directions here.