Federal Stafford Loan (for students)
Federal Stafford
Loans are available to eligible students at a low fixed interest rate
effective 7/1/2009.
| Subsidized Stafford Loans* |
5.60 % |
| *(For
undergraduate students only, for which the first disbursement is made
on or after July 1, 2009, and before July 1, 2010. The fixed interest
rate of subsidized Stafford loans to graduate and professional students
with the first disbursement made on or after July 1, 2006 is 6.80%).
|
| Unsubsidized
Stafford Loans |
6.80
% |
- Subsidized
- Eligibility is based on financial need as determined by information
provided on your FAFSA. The federal government pays interest on the
loan until repayment.
- Unsubsidized
- Eligibility is not based on financial need. You are responsible for
paying the interest, although payment may be deferred while you are
in school.
Annual
Loan Limits
Whether you are a dependent undergraduate student, an independent undergraduate
student, a dependent student whose parents are unable to get a PLUS Loan,
or if you are
a graduate student, you may be eligible to borrow up to these amounts
listed:
|
Maximum Annual Loan
Limits Chart (Aggregate Loan Limits)
Subsidized and Unsubsidized Direct and FFEL Stafford Loans
|
|
Dependent Students
(Except Students Whose Parents Cannot
Borrow a PLUS loan)
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
|
Prior to
July 1, 2008
|
Effective
July 1, 2008
|
|
Freshman
|
$3,500
|
0
|
$2,000
|
|
Sophomore
|
$4,500
|
0
|
$2,000
|
|
Junior or Senior
|
$5,500
|
0
|
$2,000
|
|
Independent Undergraduate Students and
Dependent Students Whose Parents Cannot Borrow a PLUS loan)
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
|
Prior to
July 1, 2008
|
Effective
July 1, 2008
|
|
Freshman
|
$3,500
|
$4,000
|
$6,000
|
|
Sophomore
|
$4,500
|
$4,000
|
$6,000
|
|
Junior or Senior
|
$5,500
|
$5,000
|
$7,000
|
|
Graduate and Professional
Students
|
Base Amount
|
Additional Unsubsidized
Loan Amount
|
|
|
$8,500
|
Unchanged at $12,000
|
Ready
to apply?
Click
here to begin your easy four-step process to obtaining your student
loan.
Information
subject to change without notice. Normal credit qualifications apply.
|
|
Equal Housing Lender.
All loans subject to credit approval.