Loan Information

Federal Direct Unsubsidized Loan 

Loans are available to students enrolled at least half time each semester. You may borrow up to $20,500 per academic year. The total amount outstanding that you may borrow for undergraduate and graduate study is $138,500, with no more than $65,500 in subsidized loans. The annual interest is reset each year and is set for the life of that loan. The Federal Direct Unsubsidized Loan requires that the interest must be paid by the student, on a quarterly basis, while the student is enrolled in school. Deferment of the interest payments is available.

A Free Application for Federal Student Aid must be filed at prior to certification of a loan application by the school. You must maintain satisfactory progress for continued loan eligibility. 

First time borrowers must also file a Federal Direct Loan Master Promissory Note at . If you borrowed previously, your Federal Direct Stafford Master Promissory Note is valid for 10 years.  In addition, if you are a first time borrower, you are required to complete entrance counseling (see next section below).

Interest on your Federal Direct  Subsidized Loan may be tax deductible. Please consult your tax professional or the Internal Revenue Service at for additional information.

There is also a loan origination fee deducted from the face value of the loan, which may change annually. may be up to a 1.066% loan origination fee deducted from the face value of the loan.  Click here to check the fees.

Entrance and Exit Counseling

Federal law requires that when you borrow through the Federal  Direct Stafford Loan Program for the first time, you must complete an entrance counseling. Entrance counseling can be completed at

In addition, when you graduate, withdraw or enroll less than half-time, you must complete exit counseling. Exit counseling can also be completed at

Federal Direct Graduate PLUS Loan

Graduate students may borrow up to the student’s cost of attendance minus any financial aid that the student is expected to receive. Students must be enrolled in at least half time each semester and be creditworthy. The annual interest rate is reset each year and is set  the life of that loan. Repayment of principal and interest begins 60 days after the loan is fully disbursed. A deferment option is available.

There is a loan origination fee deducted from the face value of the loan, which may change annually.  Click here to check the fee.  

The interest on your Federal Direct Subsidized Loans may be tax deductible. Please consult your tax professional or the Internal Revenue Service at for additional information.

To apply, you will need to complete a Free Application for Federal Student AId (FAFSA) at and a Federal Grad PLUS Master Promissory Note at



Exit Interviews for Perkins Loans

Federal law requires that every student who has obtained a Federal Perkins Loan through Thomas Jefferson University or Philadelphia University must have complete an exit interview before leaving the University. This information will be sent to you by our Perkins Loan Servicer, ECSI. 

Repayment Information

The U.S. Department of Education's National Student Loan Data System (NSLDS) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, go to

For more information click on the following topic:

Veterans and Veterans' Dependents Benefits

If you are veteran who served on continuous active duty for 181 days or more after January 31, 1955, you may be eligible for educational benefits under the Montgomery G.I. Bill® or Veterans Educational Assistance Program (VEAP). In addition, a variety of loans, employment opportunities and other forms of financial assistance are available to veterans. If you are a dependent of a veteran who died or is permanently disabled as a result of service in the Armed Services, or if you are serving in the services, you may be eligible for educational benefits. For further information contact the Financial Aid Office.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA)

International Students

International students applying for, or currently holding student visas or any type of non-immigrant visa, are not eligible for federal funds, including Federal Work Study,the Federal Direct Unsubsidized Loan or the Federal Direct GRAD PLUS Loan.

Tuition Payment Plan.

At the point of registration, students may remit one-third of the balance due if they choose to participate in the deferred payment plan. A fee of 1% per month on the outstanding balance will be assessed. Students will be invoiced for the remaining payments.  Contact Student Accounts at or go to to sign up.

Alternative Loans

An alternative loan can help to pay the student’s remaining expenses after financial aid has been applied to the bill. The alternative loans are credit-based and offer flexible repayment options. Alternative loans are to be used to supplement other forms of financial aid. Alternative loans are student loans, with the student listed as the borrower.  Most alternative loans will require that the student also have a credit worthy co-signer in order to be eligible.  Interest rates are variable and are set by the individual lender.  Additional information about alternative loans is available in the financial aid office.