William D. Ford Direct Loan Program

Murdoch University is registered with the U.S Department of Education under the William D. Ford Direct Loan Program. Pell Grants and Perkins loans are not available to students studying at schools outside of the US.

Murdoch University administers 3 types of loans available to U.S Citizens or eligible non-citizens who are enrolled at least half-time in a Bachelor, Masters or PhD program at Murdoch University:

How much can I borrow?

The following chart shows the annual and aggregate limits for subsidized and unsubsidized loans.

Year Dependent Students (except students whose parents are unable to obtain PLUS Loans) Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
First-Year Undergraduate Annual Loan Limit $3,500 Sub + $2000 Unsub =$5500 per annum $3,500 Sub + $6000 Unsub =$9500 per annum
Second-Year Undergraduate Annual Loan Limit $4,500 Sub + $2000 Unsub =$6500 per annum $4,500 Sub + $6000 Unsub =$10500 per annum
Third-Year and Beyond Undergraduate Annual Loan Limit $5,500 Sub + $2000 Unsub =$7500 per annum $5,500 Sub + $7000 Unsub =$12500 per annum
Graduate or Professional Students Annual Loan Limit Not Applicable (all graduate and professional students are considered independent) $20,500 (unsubsidized only)
Subsidized and Unsubsidized Aggregate Loan Limit Subsidised Max $23,000
Total Sub and Unsub $31000
Undergraduate :Subsidised Max $23,000; Total Sub and Unsub $57,500

Graduate and Professional Students: $138,500 —No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
Direct Plus Loans PLUS borrowers are able to borrow the entire cost of attendance (as calculated by Murdoch University)

What are the Interest rates for Federal Student Loans?

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The table below provides interest rates for Direct Loans first disbursed on or after July 1, 2018.

Interest Rates for Direct Loans First Disbursed on or after July 1, 2019

Loan Type Borrower Type

Loans first disbursed on or between

Jul/1/19 - Jul/1/20

Direct Subsidized Loans and Direct Unsubsidized Loans Undergraduate 4.53%
Direct Unsubsidized Graduate or Professional 6.08%
Direct Plus Loans Graduate or Professional 7.08%


Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, we will update this page to reflect those changes.

View more information about FSA interest rates here

Are there any other fees for Federal Student Loans?

Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while enrolled in school. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received.


The chart below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after Oct. 1, 2018.

Loan Type First Disbursement Date Loan Fee
Direct Subsidized Loans and Direct Unsubsidized Loans On or after Oct/1/18 and before Oct/1/19 1.059%
Direct PLUS Loans On or after Oct/1/18 and before Oct/1/19 4.236%

The official 3-year Cohort Default Rate is 5.8 as of the 2016 fiscal year.