Student Loan Programs

• Based on financial need
• Undergraduate students only
• Loan origination fee varies by year, currently 1.057%
• Interest does not accrue while enrolled at least half time in school.
• Repayment begins six months after you graduate, drop below half time enrollmennt, or withdraw.
  
  

To learn more about the differences between Direct Subsidized and Direct Unsubsidized Loans, click here.

• Are not based on financial need
• Loan origination fee varies by year, currently 1.057%
• Interest accrues while you are in school or in deferment.
• Repayment begins 6 months after you graduate, drop below half time, or withdraw.
  
  

To learn more about the differences between Direct Subsidized and Direct Unsubsidized Loans, click here.

• Parent of a dependent student can borrow for the student. Follow the instructions on how to apply.
• Graduate student eligible for Grad PLUS. Follow the instructions on how to apply.
• This loan requires a credit check. If it is determined that you have an adverse credit history, there is way to appeal the decision.
• Interest does accrue while student/borrower is in school or in deferment.
• Repayment begins 6 months after student/borrower graduates or drops below half time.
• You may borrow up to the full Cost of Attendance, less other financial aid received.
  

MD Annual Limits

• Year One - $44,944
• Year Two - $47,167
• Year Three - $47,167
• Year Four - $42,722

• $138,500

• $138,500

• $138,500

• Graduate students: $138,500
• Undergraduate students
  • Independent: $57,500
  • Dependent: $31,000

• Graduate students: $138,500

• Graduate students: $138,500
• Undergraduate students
  • Independent: $57,500
  • Dependent: $31,000