Unsubsidized loans are available to students who do not qualify for the Federal Stafford Subsidized Loan. Interest accrues on unsubsidized loans while the student is in school. Students can choose to pay the interest while they are in school, or add it to the balance of their loan when they enter repayment.

 

Interest Rates and Origination Fees for Unsubsidized Direct Loans

Loan Type

Fixed Interest Rate

Loan Fees

Federal Direct Unsubsidized Loan

3.86%

1.051% *

*These loans have a 1.051% Origination Fee which will be deducted from the gross amount of the loan.

 

Unsubsidized Annual Loan Limits for Dependent Students

Dependent Students 

Annual Loan Limits

Undergraduate First Year

$2,000

Undergraduate Second Year

$2,000

   

Additional Unsubsidized Loans are available to dependent students whose parents have been denied a Parent PLUS loan.

 

Annual Unsubsidized Loan Limits for Independent Students 

Independent Students

Annual Loan Limits

Undergraduate First Year

$4,000

Undergraduate Second Year

$4,000

   

 

Aggregate Loan Limits

Students who borrow Federal Stafford Loans have aggregate lifetime loan limits. This means that there is a maximum a student may take out in Federal Stafford Loans for his or her educational career. Based on their program of study, students may borrow up to the amounts listed in the table below for their entire academic careers:

Cuesta College reviews aggregate loan limits prior to awarding loans for the academic year. Students are encouraged to check the aggregate amount of loans they have taken out during their academic careers through the National Student Loan Data System (NSLDS).

At Cuesta College, any student who has already accumulated $20,000 or more in student loan debt must submit a Loan Maximum Appeal form in order to receive more student loans.