The Unsubsidized Loan provides a way for you to borrow money from the government to help finance a college education. This loan can be used for educationally-related costs, such as, tuition, fees, housing/meals and books.

As the borrower, you are responsible for the interest on the loan while in school, but payment can be deferred.


  • Must file the FAFSA
  • Not based on financial need
  • Must be at least half-time
    • Undergraduates: 6+ hours each semester
    • Graduate: 5+ hours
  • Eligibility must be determined and loan originated before the end of the academic period for which the loan is being requested.

First-time borrower?

  • You will complete a Master Promissory Note (MPN), which is retained and updated by the loan servicer throughout your education at RSU.
  • You must also complete a one-time Loan Entrance Counseling Session, which includes borrower rights and responsibilities,prior to the first loan disbursement.
  • You will list RSU as the school for the Master Promissory Note and Entrance Counseling to be sent to, and we will automatically receive notification of these within several business days after you have completed them.

The interest rate is set annually by federal law. These loans come directly from the federal government. The federal government does not pay the interest on unsubsidized loans while you are still in school, and repayment begins six months after you graduate, leave school or drop below half-time enrollment.

Direct student loans are low-interest loans for students and parents to help pay for the cost of a college education. The lender is the U.S. Department of Education although you will deal with a private loan servicer on most matters related to your loan.

Federal regulations require student loans to be paid in two equal installments. If you have a loan for the entire academic year you will receive half the amount in the fall and half in the spring. If your loan is for one semester only, you will receive two disbursements, one at the beginning of the semester and one mid semester. All first time freshman level loan borrowers have a required 30 day waiting period from the day classes begin before their loans can be disbursed.

All federal student loans are reported to and tracked through the National Student Loan Data System (NSLDS). NSLDS records are accessible to all authorized users including students, schools, student loan guaranty agencies, lenders, federal agencies and other authorized users. Students and parents may view and keep track of their federal loan debt by logging into the National Student Loan Database with their individual FSA ID and password.