Loans

Important Loan Announcement

As of October 1, 2013, the federal sequester increases the origination fees charged to Direct Loan borrowers beyond the July 2013 increases. However, the new loan fee percentages will apply only to loans where the first disbursement is made on or after December 1, 2013 and loans where the first disbursement is made on or after October 1, 2014.

The new loan fees will be:

  • Direct Subsidized Loans and Direct Unsubsidized Loans first disbursement date on or after 10/1/2015 and before 10/1/2016 is 1.068% 
  • Direct Subsidized Loans and Direct Unsubsidized Loans first disbursement date on or after 10/1/2016 and before 10/1/2017 is 1.069%
  • Direct PLUS Loans (both parent and graduate student PLUS Loans) first disbursement date on or after 10/1/2015 and before 10/1/2016 is 4.272% 
  • Direct PLUS Loans (both parent and graduate student PLUS Loans) first disbursement date on or after 10/1/2016 and before 10/1/2017 is 4.276%

For more information regarding the Federal Direct Student Loan fees please visit the Federal Student Aid website.

What is a student loan?

A loan is borrowed money that must be repaid with interest.

Direct Loan program

The University of North Texas participates in the William D. Ford Federal Direct Loan program which allows you to borrow loan funds directly from the U.S. Department of Education. This program will give you and your parents a more stable, streamlined, and predictable borrowing experience. 

It is important that you understand that a loan is a legal financial obligation, with interest, that you will be responsible for repaying. If you decide to borrow loans, we encouraged you to be a responsible borrower and know the terms and conditions of your loans.

Read the FAQs about the Direct Loan program.