Direct Subsidized + Unsubsidized Loan

Direct Student Loans are loans available to undergraduate and graduate students with the US Department of Education acting as the lender. There are two types of Direct Student Loans - Subsidized and Unsubsidized.

Direct Subsidized Student Loans

Direct Subsidized Loans are need-based and the US Department of Education pays the interest while you are in school at least half time, for the first six months after you leave school (also known as grace period), and during periods of deferment. Payments are automatically deferred while you are in school at least half time. Undergraduate borrowers may receive the interest subsidy for up to 150% of the published length of their program (6 years for most students at the University of Portland; varies by program and student type). Payments are automatically deferred while you are in school at least half time. The interest rate for loans first disbursed after July 1, 2017, is fixed at 4.45%. The origination fee for loans first disbursed after October 1, 2017, is 1.066%. Interest rates and origination fees are subject to change. Use our Loan Fee Calculator to help determine your origination fees when figuring loan amounts.

Direct Unsubsidized Student Loans

Direct Unsubsidized Loans are non-need-based and you are responsible for the interest from the disbursement date, including while you are in school, during your grace period, and during periods of deferment. Payments are automatically deferred while you are in school at least half time. The interest rate for loans first disbursed after July 1, 2017, is fixed at 4.45%. The interest rate for loans for graduate student first disbursed after July 1, 2017, is fixed at 6%. The origination fee for loans first disbursed after October 1, 2016, is 1.066%. Interest rates and origination fees are subject to change. Use our Loan Fee Calculator to help determine your origination fees when figuring loan amounts.

Application Procedures

To be considered for Direct Subsidized and/or Unsubsidized Student Loans, students must:

Selection Criteria

To qualify for Direct Subsidized and/or Unsubsidized Student Loans, students must:

  • Meet all eligibility requirements to receive Title IV Aid;
  • Be enrolled at least half time (6 credits for undergraduate students, 5 credits for graduate students);
  • Demonstrate financial need (for subsidized loans only);and
  • Not have exceeded his/her aggregate loan limits.

Award Amounts

Award amounts vary by dependency status, level, and enrollment. See the chart below for award amounts and aggregate limits.

Dependent Annual Loan Limit
Freshman (0-29 credits) $5,500 (up to$3,500 can be subsidized)
Sophomore (30-59 credits) $6,500 (up to$4,500 can be subsidized)
Junior or senior (60+ credits) $7,500 (up to$5,500 can be subsidized)
Independent Annual Loan Limit
Freshman (0-29 credits) $9,500 (up to$3,500 can be subsidized)
Sophomore (30-59 credits) $10,500 (up to$4,500 can be subsidized)
Junior or senior (60+ credits) $12,500 (up to$5,500 can be subsidized)
Graduate or Professional Annual Loan Limit
Any Year $20,500
Student Type Lifetime Aggregate Limits
Undergraduate (dependent) $31,000 (up to $23,000 can be subsidized)
Undergraduate (independent) $57,500 (up to $23,000 can be subsidized)
Graduate or professional** $138,500 (up to $65,500 can be subsidized)

*Independent loan limits also apply to undergraduate students whose parents are unable to borrow through the PLUS program because of a credit denial.

**Aggregate loan limits for graduate students include loans received for undergraduate course work.

Contact

University of Portland
5000 N. Willamette Blvd.,
Portland, Oregon 97203-5798

503.943.8000

webmaster@up.edu