This loan is not based on financial need.  The lender is the U.S. Department of Education. 

You'll be responsible for any interest that accrues during in-school and deferment periods.  Interest payments can be made while half-time enrollment is active or can be deferred until graduation. However, if deferment is activated, the interest that accrues while you remain in-school will capitalize (added to the principal of the loan balance) when repayment begins.


Annual borrowing limits are based on the student's year of study

Dependent undergraduates

  • First year:  $5,500 (no more than $3,500 of this amount may be subsidized)
  • Second year:  $6,500  (no more than $4,500 of this amount may be subsidized)
  • Third year and beyond:  $7,500 (no more than $5,500 of this amount may be subsidized)

Independent undergraduates (and dependent undergraduates whose parents are unable to borrow under the PLUS Loan Program)

  • First year:  $9,500 (no more than $3,500 of this amount may be subsidized)
  • Second year:  $10,500 (no more than $4,500 of this amount may be subsidized)
  • Third year and beyond: $12,500 (no more than $5,500 of this amount may be subsidized)

Graduate and professional students

  • For any year of study:  $20,500



Loan funds will not disburse (pay) until all requested documentation has been submitted, and your aid application is considered to be complete

A note will be placed on your  myUNTD "To Do List" if additional steps are required before disbursementt.

If the financial aid file is complete, disbursements can be made as early as ten days prior to the first day of a Fall or Spring fee payment (August/January) period. However, disbursements can also occur throughout an enrollment term upon completion of a file.

Interest Rate

The interest rate for unsubsidized loans is 4.29% percent for undergraduate students and 5.84% percent for graduate students.  All interest rates and fees are valid only from July 1, 2015 through June 30, 2016.


Repayment begins six months after enrollment drops below half-time status or upon the point of graduation.

The Project on Student Debt works to increase public understanding of rising student debt. This initiative has compiled the top 10 tips for keeping your student loans under control. The tips can be reviewed here.

PayBackSmarter is a free tool to assist you in understanding your student loan repayment options. Their repayment calculator gives you a simple, visual way to review each different plan. Additional information is available here.

For more information regarding repayment, please visit Direct Loan Repayment Plans. For information regarding deferment or forebearance, please visit Direct Loan Deferment and Forbearance.

Repayment Length

Between 10 and 25 years to repay, depending on the amount owed and repayment plan selected.

Additional Information

  • If you are a new borrower at UNT Dallas (including transfer students), you may complete your Federal Direct Loan Entrance counseling at anytime after being awarded federal aid.  You will need your PIN number (as assigned when you signed the FAFSA) and enter University of North Texas as a school to receive the results. You must complete the counseling before your school can make the first payment of your loan. The counseling will help you understand your responsibilities about your loan.
  • Continuing UNTD borrowers are required to complete the Financial Awareness Counseling Tool (FACT) annually. This requirement is a step in UNTD's Default Aversion Plan; our goal is to ensure that each borrower understands how to manage their student loan and the commitment that comes with the acceptance of a student loan. Above all, borrowers must realize that student loans are not grants or scholarships; they require repayment. You may complete your Financial Awareness Counseling by visiting, selecting Complete Counseling then Financial Awareness Counseling. You must complete the counseling before UNT can make any payment of your loan.
  • The U.S. Department of Education charges an origination fee of the total amount borrowed per loan. This fee is deducted from the loan by the Department of Education before the proceeds are credited to a student's account.
  • Borrowers must electronically sign a Federal Direct Loan Subsidized/Unsubsidized Master Promissory Note.
  • Please visit the Federal Student Aid website for more information.
  • Each Federal Direct Loan borrower at the University of North Texas is required to complete Student Exit Counseling shortly before completing a degree, leaving UNT (i.e., withdrawing, graduation) or ceasing half-time enrollment.  To complete this requirement, go to, select Complete Counseling then Exit Counseling.