2015-2016 Graduate Catalog

Financial Aid - Government Assistance Available


Unsubsidized loans are available to graduate students to assist in paying for college expenses. A student must repay the loan after graduation or withdrawal. Before agreeing to a loan, a student should carefully review all terms and conditions of the loan, interest rates, and the amount of monthly payments.

Federal Direct Student Loan

These loans are available to almost any student regardless of financial need. If eligible, a student could possibly receive up to $20,500 per year. The fixed loan interest rate is subject to change once a year as established by the federal government. Application must be made through Drury University. Loans cannot exceed the cost of attendance minus other financial aid. Unsubsidized direct loans are not based on financial need and may be available to students who file a FAFSA, regardless of income. Since this loan is not subsidized by the government, the student is responsible for all interest that accrues during in-school, grace and deferment periods. The student may choose to make interest payments while in school or may defer (and accumulate) the interest until repayment.

This loan program represents an agreement between the university student and the U.S. Department of Education. Loan monies will not be released to the student until all qualifiers are fully met.  The loan will be wire-transferred from the Department of Education to the student’s account as early as the third week of school. After receipt of funds, if a credit exists Drury will send a refund to Higher One approximately 10 days later. Any change in enrollment before the add/drop period may result in a recalculation of loan eligibility.  Only classes that are required by the student to complete their program of study will be considered in the loan calculation.

Federal Direct Plus Loan Program (PLUS)

Graduate students may be eligible to borrow money for educational expenses under this program. Loans are certified by the school and approved by the Department of Education. These loans carry a fixed interest rate as established annually by the government. The amount of this loan may not exceed the student’s cost of attendance minus other aid. Repayment begins 60 days after disbursement of the loan, unless a deferment is requested and granted.