Federal Direct Loan

We recommend that you read the below details closely to ensure your comprehension of the Direct Loan program and the loans that you may be eligible for. All Federal Direct Loans require students to complete a Master Promissory Note and Direct Loan Entrance Counseling as a first-time borrower at the University of San Francisco.

Subsidized Loans

Available to Undergraduate students only.

Interest Rates: For subsidized loans first disbursed between July 1, 2017 and June 30, 2018, the fixed interest rate will be 4.45% for all undergraduate borrowers and begins to accrue immediately after graduation or when a student ceases to be enrolled at least half-time.

Loan Fee: Effective October 1, 2017 through September 30, 2018, a loan origination fee of 1.066% will be subtracted from the gross amount of the loan by the Federal government. Loans disbursed before this date will have an origination fee of 1.069%. The fee is subtracted from the loan before it is disbursed.

Subsidized Loan Program Limits: Undergraduate students who became first-time borrowers on or after July 1, 2013 are subject to receiving Subsidized loans up-to 150% of their program. If a student does not complete their program in this time frame, they will no longer be eligible for Subsidized loans and risk losing their loan subsidy on previously borrowed loans. 

Repayment: After you graduate, leave school or drop below half-time enrollment, you have a six-month grace period before you begin repayment. You may prepay all or part of a loan at any time without penalty. If you have more than one Federal student loan, be sure to specify which loan you are prepaying.

Unsubsidized Loans

Interest Payment: The borrowers are responsible for interest during all periods, including in-school, grace, and deferment periods. Interest that accrues and is not paid during in-school and grace periods is capitalized when the loan enters repayment.

Interest Rates for Undergraduate students: For unsubsidized loans first disbursed between July 1, 2017 and June 30, 2018, the fixed interest rate will be 4.45% for all undergraduate borrowers and begins to accrue immediately upon disbursement.

Interest Rates for Graduate students: For unsubsidized loans first disbursed between July 1, 2017 and June 30, 2018, the fixed interest rate will be 6% for all graduate borrowers and begins to accrue immediately upon disbursement.

Loan Fee: Effective October 1, 2017, a loan origination fee of 1.066% will be subtracted from the gross amount of the loan by the Federal government. Loans disbursed before October 1, 2017 will have an origination fee of 1.069%. The fee is subtracted from the loan before it is disbursed.

Repayment: After you graduate, leave school or drop below half-time enrollment, you have a six-month grace period before you begin repayment. You may prepay all or part of a loan at any time without penalty. If you have more than one federal student loan, be sure to specify which loan you are prepaying.