Yale School of Management

Federal Loans

Federal Direct Unsubsidized Loan

U.S. Citizens and Permanent Residents are automatically eligible for consideration of the Federal Direct Unsubsidized Loan. You may borrow up to $20,500 per academic year. The fixed interest rate for the 2020-2021 academic year was 4.30%, and carries a 1.059% origination fee for loans first disbursed on or after October 1, 2019. 

Federal Graduate PLUS Loan

The  Graduate PLUS Loan is an additional federal loan that student’s can borrow for up to the cost of attendance, less any other financial aid. Acceptable credit history is required.The fixed interest rate for the 2020-2021 academic year was 5.30%, and carries a 4.236% origination fee for loans first disbursed on or after October 1, 2019.

Federal Loan Characteristics

Federal Direct Unsubsidized Loan Graduate PLUS Loan
Interest Rate

4.30%  (fixed)

5.30% (fixed)

Origination Fees

1.059% (for loans disbursed

after October 1, 2019)

4.236% (for loans disbursed after October 1, 2019)

Interest Accrual

Interest begins accruing on this loan as soon as the funds are disbursed to the University. 

Interest begins accruing on this loan as soon as the funds are disbursed to the University. 

Application Process

Students must complete a FAFSA Application, and a  loan form requesting the funding. 

Along with completing the

FAFSA application, students additionally complete a credit check authorization form. 

Loan Amount

Maximum Loan Amount:

$20,500

Students can apply for a loan

up to the cost of attendance, less any other financial aid received.