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If a student has borrowed the maximum Direct Unsubsidized Loan and still has educational costs left, then the Graduate PLUS Loan may be considered. Students who are not eligible for federal student loans may be eligible to borrow a Private Loan.

Helpful Tip: Consider a Monthly Payment Plan prior to borrowing a loan.   

Direct Unsubsidized Loan

are federal student loans that must be repaid. Direct Unsubsidized Loans are included in your financial aid offer for the maximum amount you are eligible to borrow.  You may accept, reduce or decline your loan in Net Partner. 

Eligibility

Direct Unsubsidized Loans are offered to students who complete the Free Application for Federal Student Aid and meet thefor federal student aid.  The annual loan maximum is $20,500 or your cost of attendance, whichever is less. 

Interest and Fees

The interest rate for Direct Unsubsidized Loans for Graduate Students disbursed between July 1, 2024 and June 30, 2025 is fixed at 8.08%, with a fee of 1.057% deducted from the loan amount at disbursement. Students are responsible for paying the interest that accumulates after the loan is disbursed. The interest can be paid while in school or the accrued interest will be capitalized (added to the principal balance). For more information, visit . 

Repayment

Direct Unsubsidized Loan payments are deferred while the student is enrolled at least half-time, and there is a one-time 6 month grace period after the student graduates, withdraws, or drops below half-time before loan payments begin. The loan offers multiple .

 Requirements for Borrowers

• Accept, reduce or decline your loan in the Middlebury Financial Aid Portal.
• First-time borrowers only: Complete both  and .  

Direct PLUS Loan for Graduate Students

The (Grad PLUS) is a federal loan that must be repaid. The loan is a credit-based, fixed rate loan that enables graduate or professional students to borrow funds to meet their educational expenses. Students may apply with an endorser. The Direct PLUS Loan is only included in your financial aid offer after you have applied and been approved for the loan.    

Eligibility

Students are required to complete the Free Application for Federal Student Aid (FAFSA), meet thefor federal student aid, and pass the credit check. If the student does not pass the credit check, two options are available:   or 

. The maximum loan amount you may borrow is your cost of attendance minus any other financial assistance you receive. 

Interest and Fees

The interest rate for Direct PLUS Loans disbursed between July 1, 2024 and June 30, 2025 is fixed at 9.08%, with a fee of 4.228% deducted from the loan amount at disbursement. Students are responsible for paying the interest that accumulates after the loan is disbursed. The interest can be paid while in school or the accrued interest will be capitalized (added to the principal balance). For more information, visit . 

Repayment

Direct PLUS Loan payments are deferred while the student is enrolled at least half-time, and there is a six-month grace period after the student graduates, withdraws, or drops below half-time before loan payments begin. The loan offers multiple .

 Requirements for Borrowers

• for the Grad PLUS Loan.
• First-time borrowers only: Complete both  and . 
• Borrowers who applied with an endorser or appeal the credit decision only: .