Federal Unsubsidized Direct Loan

$5,500–$7,500

An Unsubsidized Direct Loan functions similarly to a Subsidized Loan, except that the government does NOT “subsidize” or pay for the interest while you are in school.

Application Process

Submit your FAFSA as soon as possible after December 1.

Requirements

  • Available for all qualified FAFSA applicants
  • Not need-based

About this Loan

Since the government doesn’t subsidize this loan (cover the interest), you may choose to pay the interest as you go or let it accrue while you’re in school and be added to the principle amount upon repayment. Loan fees will apply, and payments will begin six months after your last date of enrollment. Interest begins accruing after the first disbursement.

Unsubsidized loans may be awarded to any Corban student, regardless of financial need. The Federal Direct Loan program eliminates the need for loan applications, outside lenders, guarantee agencies, or paper loan checks. Corban will provide the student with everything needed to receive a Federal Direct Loan. The maximum loan amounts depend on the student’s year in school and total financial need.

Loan Amounts

  • Freshmen: $5,500
  • Sophomores: $6,500
  • Juniors/Seniors: $7,500

Additional amounts available for independent students and dependent students whose parents are denied a PLUS loan.

Learn more about Federal Direct Loans.

NWCCU ACCREDITATION

Corban University is accredited by the Northwest Commission on Colleges and Universities (NWCCU) and completed a Year-Seven Comprehensive (Evaluation of Institutional Effectiveness (EIE)) in 2022 for continued accreditation. The comprehensive self-study was followed by an onsite evaluation in October 2022. In February 2023, Corban received reaffirmation of its accreditation for 7 years. Corban University’s last Mid-Cycle Evaluation was fall 2018, and its Policies, Regulations and Financial Review (PRFR) was completed in fall 2021. As of our most recent evaluation, Corban University is compliant with the Standards, Policies, and Eligibility Requirements of the NWCCU.