Graduate Loan Options


Direct Unsubsidized Loan

A Direct Unsubsidized Loan is a federal loan that accrues interest immediately upon disbursement.

  • Interest rate: 6.08% fixed rate for loans disbursed on or after July 1, 2019, but before July 1, 2020.
    Origination fee: 1.059% as of October 1, 2019
  • Repayment begins six months after graduation or after the student drops below half-time enrollment
  • Can receive maximum of $20,500 annually (Fall, Spring, Summer)
  • Must be enrolled at least half-time.
  • First-time borrowers must complete Master Promissory Note (MPN) and Entrance Loan Counseling online at www.studentloans.gov.
  • Students apply by completing the Free Application for Federal Student Aid (FAFSA).


Direct Graduate PLUS Loan

A Direct Graduate PLUS Loan is a federal loan that accrues interest immediately upon disbursement.  Students can borrow Graduate PLUS after exhausting their federal Unsubsidized Loan eligibility each year.

  • Credit check is required. If you do not qualify for a Graduate PLUS Loan because of adverse credit history, students have the option to add an endorser or appeal to the U.S. Department of Education by providing documentation of extenuating circumstances
  • Interest rate: 7.08% fixed rate for loans disbursed on or after July 1, 2019, but before July 1, 2020
    Origination fee: 4.236% as of October 1, 2019
  • Repayment begins six months after graduation or after the student drops below half-time enrollment.
  • The maximum students can borrow is up to their Cost of Attendance, minus all other financial aid received.
  • Must be enrolled at least half-time.
  • First-time borrowers must complete Graduate PLUS Master Promissory Note (MPN) and Entrance. Loan Counseling online at www.studentloans.gov.
  • Students can apply online at www.studentloans.gov or by completing Bellarmine’s Graduate PLUS Loan Request Form and returning to the Financial Aid Office.


Alternative Loan

Interest rates and benefits vary depending upon lender.

  • The maximum students can borrow is up to their Cost of Attendance, minus all other financial aid received.
  • Students can borrow through any lender they choose, however, Bellarmine does offer a recommended lender list online to assist students with their lender options. 
  • Options for less than half-time and past due balances.