Federal Loans

Federal student loans are government-backed, or guaranteed. They are low-cost, fixed-rate loans that may be subsidized (based on need) or unsubsidized (not based on need). Subsidized loans begin to accrue (accumulate) interest when repayment begins (six months after you leave school or your attendance drops below half-time), while unsubsidized loans begin to accrue interest as soon as the loan is fully disbursed. Award amounts are based on grade year classifications and vary each year.

Students must be enrolled at least half-time to be eligible for a direct loan disbursement.

Half-time status at UMUC is defined differently depending on your program:

  • Undergraduate (6 credits)
  • Graduate (6 credits)
  • MBA or Executive MBA (3 credits)
  • Doctorate (3 credits)
  • AMBA 600 is considered a half-time course

Types of Federal Loans

Repaying Your Student Loan

Repaying your student loan is not an obligation to be taken lightly. It could affect your future financial health. Understand your options and responsibilities.

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