To be eligible for Federal Direct Stafford Loans, students must enroll in at least 6 hours (half-time).

Subsidized Loans (undergraduates only)

  • Need-Based
  • No interest while in school
  • Fixed Interest rate: 3.73% for 2021-2022

Unsubsidized Loans

  • Not Need-Based
  • Interest accrues immediately
  • Fixed Interest rate: 3.73% for 2021-2022

Interest Rates

Interest rates for Federal Direct Stafford loans are fixed but can change annually. See complete interest rate information here.

Origination Fees

There is approximately a 1% origination fee for Federal Direct Stafford loans.

Completing Loan Requirements

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.