Federal Direct Stafford Loan (Subsidized)
A Stafford Loan is available to students who demonstrate financial need. The maximum amounts are: $3,500 for a first-year undergraduate student, $4,500 for a second-year student, $5,500 for a third or fourth-year student, and $8,500 for a graduate student. For Stafford Subsidized Loans first disbursed on, or after July 1, 2009, the interest rate is 5.6 percent for undergraduate students and 6.80 percent for graduate students. The Federal government pays the interest on the loan as long as the student is enrolled at least half-time and for up to 6-months after the student graduates or leaves school for any reason.
Eligibility is based on other sources of financial aid received and a parental contribution factor. Students and parents will borrow directly from the U.S. Department of Education.You must complete the Federal Stafford form and the Master Promissory Note available through the Office of Student Administrative Services, or by following the Application Instructions listed below.
Need-based Aid: No
Award Amount: $200 - $7,500 based on grade level, dependency status and budget
This aid is for All Students - Day and Evening
Enrollment Requirements: At least half-time enrollment status
- Master Promissory Note
- Stafford Loan Request Form
- Loan Entrance Counseling
- Authorization Regarding Credit