To be eligible for Federal Direct Stafford Loans, students in the Graduate College/Public Health must enroll in at least 5 hours (6 hours for the Professional students).
- Not Need-Based
- Interest accrues immediately
- Fixed Interest rate: 6.08% for 2019-2020
Interest rates for Federal Direct Stafford loans are fix but can change annually. See complete interest rate information here.
There is approximately a 1% origination fee for Federal Direct Stafford loans.
Master Promissory Note (MPN)
First time UIC loan borrowers must sign a Master Promissory Note (MPN) agreeing to pay back the loan, with interest, according to the terms of the program. Complete the MPN online here.
Direct Loan Entrance Counseling
Direct Loan Entrance Counseling MUST be completed prior to disbursement. The counseling session and quiz help students understand their loan responsibilities.
Direct Loan Exit Counseling
Students must complete Direct Loan Exit Counseling upon leaving school.