tabs.gifGraduate AdmissionsUndergraduate AdmissionsStudent AccountsFinancial AidContact UsVisit BUSearch
navbar.gif link to basic information regarding financial aid link to undergraduate and graduate tuition rates per credit costs, and fees, with a link to Student Accounts links to financial aid forms, costs, financial aid applications, deadlines, appleasl, payment plans, general information for first-time, returning, transfer, graduate and international students, information about summer session financial aid, and what to do if BU is not listed on your FAFSA explanations of different types of financial aid notice to employers about posting job opportunities, types of student employment available, federal work study, temporary service, summer, and off-campus job listings link to FAFSA and TAP (for NYS residents) application, waiver request form for GRE for graduate students, and a list of financial aid forms financial aid counselors, walk-in schedules financial aid web pages search questions frequently asked about financial aid, employment, loans, quality assurance program, summer study, and loan consolidation alphabetical index of financail aid terms links to external sites pertaining to student financial aid link to email BU's office of financial aid, links to external sites with general financial aid information location and office hours and financial aid office mission statement link to Financial Aid home page Repayment Options for Federal Direct Unsubsidized Loans

Repayment begins 6 months after graduation, withdrawal or enrollment less than half-time. Students may select from one of four repayment options:

1) Standard Repayment Plan

  • Fixed annual repayment amount.
  • Paid over a fixed period of time.
    •      2) Extended Repayment Plan 
  • Fixed annual repayment amount.
  • Paid over an extended period of time.
  • Must repay the minimum amount as determined by the US Department of Education
    •      3) Graduated Repayment Plan 
    • Annual repayment amount.
    • Established at two or more graduate levels.
    • Paid over a fixed or extended period of time.
    • Scheduled payments shall not be less than 50%, nor more than 150% of what the amortized payment on the amount owed would be if the loan were repaid under the standard repayment plan.
      •
    4) Income Contingent Repayment Plan
      • Each year the monthly payment is based on your annual income and amount borrowed.
      • Maximum repayment period is 25 years.

    Now you can instantly find out who services your student loans with LoanLoacator, a free service provided by the National Student Loan Clearinghouse. Click here to check it out.

    The US Department of Education will provide the borrower with an opportunity to select a repayment plan. If the borrower does not select a plan, the department will provide the borrower will be assigned the standard repayment plan.

    The US Department of Education will issue a repayment schedule that provides payment amounts and due dates. Repayment schedules will include all Federal Direct PLUS loans.

    The US Department of Education may grant the borrower forbearance to eliminate a delinquency. The borrower may prepay all or any part of the unpaid balance on the loans at any time without penalty.

    How to Apply
    Loan Limit
    Aggregate Loan Limit
    Interest Rates

    More Information on Federal Direct Unsubsidized Loans
    Return to Federal Direct Subsidized Loan Page