Direct Loans

Direct Loans

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 2014-2015 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 2014-2015 disbursed before July 1, 2014 will have 5.41% interest rate.  Under new interest rate structure, the interest rate is adjusted for all new loans on July 1 each year.  All Direct Loans will be "variable-fixed" meaning students would receive a new rate with each new loan, but that rate would be fixed for the life of the loan with an interest rate cap of 9.5% for DL Unsubsidized Loans for graduate/professional students. 

· Origination fee of 1.072% for loans disbursed after December 1, 2013 and before October 1, 2014.

· 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

· 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 disbursed before July 1, 2014 will have 6.41% interest rate.  Under new interest rate structure, the interest rate is adjusted for all new loans on July 1 each year.  All Direct Loans will be "variable-fixed" meaning students would receive a new rate with each new loan, but that rate would be fixed for the life of the loan with an interest rate cap of 10.5% for DL Grad PLUS Loans.

· Origination fee of 4.288% for loans disbursed after December 1, 2013 and before October 1, 2014.

· 10 year repayment beginning 60 days after disburses or can be deferred until after graduation or when student drops below half-time

· To apply, submit a signed Grad PLUS Application Form to the financial aid office.

· Complete a Grad PLUS Master Promissory Note

If a student withdraws or takes a leave of absence from all classes, s/he 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)

©University of North Texas Health Science Center at Fort Worth This site managed by Kristi Wolfe, Scholarship and Grant Program Coordinator. For technical questions contact the webmaster .

This page last updated 22nd May 2014