Virginia Tech® home

Federal Unsubsidized Loans

The type of loan:

Federal Unsubsidized Loans do accrue interest during the time in school, as opposed to the Subsidized Loans. Eligible students who have completed the FAFSA for the appropriate academic year are automatically considered for the Unsubsidized Loan which can amount to an additional $2000.


In order to obtain the loans offered, you will need to complete Entrance Counseling and a Master Promissory Note online at Federal Student Aid.  Go to Complete Aid Processes in the menu. 

Eligibility requirements include enrollment in a degree-seeking program at least half-time.

Additional requirements for these loans include maintaining Satisfactory Academic Progress (SAP) and staying within Aggregate Loan Limits (the maximum total amount of federal loans a student may borrow).

When graduating:

When you graduate you will have to complete Exit Counseling and the repayment of these loans will commence after a 6 month Grace Period. Interest in this period, however, will be added to the loan and therefore be included in to total amount you will need to repay.

Special circumstances:

If you are a dependent student whose parent was DENIED a Parent PLUS Loan, you may be eligible for additional unsubsidized loan amounts. For Freshman & Sophomores the additional unsubsidized loan is $4,000. For Juniors & Seniors the additional unsubsidized loan is $5,000. Please contact the Office of Financial Aid so we may suggest these amounts. Documentation of denied PLUS Loan may be required.