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Home > Costs & Opportunities > I have a question about payment options > I have a question about federal direct loans > What is a federal direct loan and how do I apply? (2023-2024 school year)
What is a federal direct loan and how do I apply? (2023-2024 school year)
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Direct unsubsidized loans are federal funds that you can borrow to help pay for the costs of your Relay education. 

  • The direct loan interest rate from July 1, 2023 to June 30, 2024 is 7.05%

You must complete all four (4) forms to apply for a federal direct loan 

FORM 1. Complete the Relay GSE loan application

  • Please specify the amount of federal aid you would like to receive each term

FORM 2. Complete your 2023-2024 Free Application for Federal Student Aid (FAFSA)

  • School Code: 042086
  • You will need to complete a FAFSA each year at Relay for federal aid consideration

FORM 3. Complete your 2023-2024 Master Promissory Note

  • Please select Graduate/Professional Student
  • Please select the Unsubsidized Direct Loan
  • Do NOT complete the PLUS loan

FORM 4. Complete your 2023-2024 Loan Entrance Counseling 



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