Unsubsidized Loans are available to undergraduate (and graduate) students; there is no requirement to demonstrate financial need. Southwestern University determines the amount you can borrow based on your cost of attendance and other financial aid you receive.
You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.
If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
How To Apply
Steps are to be completed by the student, and are only required for first-time borrowers. Begin the process on the Direct Loan website.
Important message for first-time Stafford Loan Borrowers: Until you’ve completed the steps below, your loan funds will not be disbursed to the school.
- Sign in using your (student) FSA ID from the FAFSA process
- Click the link to “Learn what it means to take out a federal student loan” and click “Start”
- It should take 30 minutes.
- Go back to your student dashboard and click on “Sign your Master Promissory Note (MPN) Complete and sign a Master Promissory Note (MPN).
.Both items will be sent to Southwestern electronically. Email loans@southwestern.edu with any questions.