Summer Federal Direct Loan Application

Federal Direct Loans are available for any domestic graduate student, enrolled at least half-time in a degree-granting program. Learn about these and additional eligibility requirements at Columbia’s Student Financial Services website.

• Interest Rate = 5.31% for loans disbursed after July 1, 2017.
• Origination Fee from October 1, 2017- September 30, 2018 is 1.069% Calculate Fee
• Graduate students are eligible for an annual maximum of $20,500 in a Direct Unsubsidized Loan.

Make sure to complete a Direct Loan Master Promissory Note and Entrance Counseling on studentloans.gov.

These items are valid for ten years after completion and you should not have to complete them again for any new loan request.

* Note that your loan eligibility may change if you receive any funding from other sources, including departmental funding or stipends. If you are receiving any funds in addition to loans, please report them to our office. If you receive funding during the year, we may reduce your loans accordingly.

* We will also update your loan eligibility based on your enrollment. If you reduce your credits, we may have to reduce your loans correspondingly, as your cost of attendance is based on your enrollment.

* Students can estimate post-graduation monthly loan repayment using the Repayment Estimator

* Read more about the Federal Direct Loan