If your savings and grant/scholarship awards aren’t enough to pay your education costs, then you can borrow from the Federal loan programs. Direct Loans (DL) are a part of the federal financial aid assortment of programs.  

Direct Loans include both subsidized and unsubsidized loans. Subsidized Stafford Loans are need-based loans for undergraduate students and the federal government pays the interest while you are enrolled in school at least half-time and during a 6-month grace period after you graduate, withdraw, or fall below half-time enrollment status. Unsubsidized loans are not need-based and you either pay the interest or it accrues while you are in school or during your grace period.

Interest Rates and Loan Origination Fees
  Unsubsidized Loans Graduate PLUS Loans
Interest rate (loans disbursed between 7/1/19 and 6/30/20) 6.08% 7.08%
Origination fee (loans disbursed between 10/1/18 and 9/30/19) 1.062% 4.284%

The interest rate will be set for 2019-2020 on July 1. Loan origination fees change annually on October 1.

2019-2020 Loan Fees: The average unsubsidized loan fee is $190 and the average Grad PLUS loan fee is $1,201.

There are also lifetime limits to federal student loan borrowing. 

Direct Loans - Aggregate / Lifetime Limits

$3,500 $6,000 $9,500


$8,000 $31,000
Graduate Professional $65,500 $73,000 $138,500


The Carey Business School highly recommends that students only borrow the amount of student loans needed to pay tuition and fees.

For additional information on the Direct Loan program, please utilize the following Web sites:

Federal Direct Graduate PLUS Program

The GradPLUS loans are available regardless of income or assets. However, the graduate student borrower must be a U.S. citizen or eligible non-citizen, and must pass be able to pass a basic credit check. GradPLUS loan borrowers can borrow up to the full Cost of Attendance in combination with other aid and resources. The interest rate for the GradPLUS loan is 7.08% for the 2019-2020 academic year. There is a 4.248% origination fee that is retained from the disbursements. Repayment of a PLUS Loan begins 60 days after the second disbursement. First-time GradPLUS borrowers should complete the following two steps:

Complete the electronic GradPLUS Loan application.

Complete the electronic Master Promissory Note and Entrance Counseling for GradPLUS/PLUS online at the Direct Loan Web site: GradPLUS/PLUS MPN and Entrance Counseling

Federal Work Study (FWS)

Federal Work Study is a need-based financial aid program to assist financial aid recipients who would like to work part-time to earn money to assist with their educational expenses. The Carey Business School will be awarding FWS in 2019-20.

If you are interested in a work-study position, please contact our office to see if you may be eligible.

Veterans Benefits

The Johns Hopkins Carey Business School is an approved postsecondary education institution for Veterans training. Applications for Veterans benefits may be obtained from your local Department of Veterans Affairs. Approval of training benefits to be awarded is the responsibility of the Department of Veterans Affairs. The Office of the Registrar at the Carey Business School certifies a student’s enrollment status to the Veterans Administration.

For information concerning these benefits, please contact the Carey Veteran Affairs at Carey.Veteran@jhu.edu or 410-234-9250.