William D. Ford Federal Direct Loan Program (Unsubsidized)
These loans are available directly from the federal government to undergraduate students who need additional funds. The interest rate is fixed at 4.29%. Two repayment options for interest are available. Students may begin repayment while still attending school by paying the interest, with repayment of the principal deferred until after graduation or termination of attendance. Alternatively, interest may be deferred until after graduation or termination of attendance, in which case it will be added to the principal.