Graduate students in CMU’s Global Campus may be eligible for Federal Direct Unsubsidized Loans and Graduate PLUS Loans.
An unsubsidized loan is a non-need based Federal loan. The school determines the amount you can borrow based on your cost of attendance and other financial aid/assistance that you receive. Students are responsible for "paying the interest on a Direct Unsubsidized Loan during all periods however 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)".
A Graduate Direct PLUS Loan is a non-need based Federal Loan for students with good credit history. Approved applicants may borrow up to the annual “cost of attendance” less other financial aid/assistance received.
Find out more about each of these Federal Direct Loans on the
Federal Student Aid website.
Determining your eligibility
You must be an admitted, degree-seeking student in order to receive financial aid. Also, you cannot be in default on a previous federal student loan. Each financial situation is unique. The information you provide on your financial aid forms (e.g., FAFSA) will determine the amount of loan assistance for which you are eligible.
See Financial Aid Checklist