federal-direct-loan-unsubsidized

For a Federal Direct Unsubsidized Loan, the student is responsible for paying the interest on the loan during all periods. If a student chooses not to pay the interest while in school or during grace periods, deferment or forbearance periods, the interest will accrue (accumulate) and be capitalized (interest will be added to the principal amount of your loan).  Federal Direct Unsubsidized Loans are available to both undergraduate students, graduate students or professional degree students. Students are not required to show financial need to receive a Federal Direct Unsubsidized Loan.