The Federal Stafford Loan program offers low-interest subsidized and unsubsidized loans financed by participating banks and other lending institutions. These loans are available to undergraduate, graduate, and professional students. Eligibility is determined by completing the FAFSA. The interest is a fixed rate (6.0% for undergraduate subsidized loans borrowed on/after July 1, 2008 or 5.6% for undergraduate subsidized loans borrowed on/after July 1, 2009 and 6.8% for undergraduate unsubsidized and all graduate Stafford Loans). Loan repayment begins six months after graduation or when a student drops below half-time enrollment.

Subsidized Stafford Loans are awarded to students who have demonstrated financial need as determined by the Department of Education through the FAFSA. The interest is paid by the government until six months after you leave school or drop below half-time enrollment status. Repayment begins six months after the student graduates or ceases half-time enrollment.

Unsubsidized Stafford Loans are available to all students regardless of need. Interest begins to accrue from the date of disbursement. Repayment begins six months after the student graduates or ceases half-time enrollment.

How To apply
Federal Stafford Loan FAQ
Master Promissory Note
Entrance/Exit Loan Counseling

If you have been offered a Stafford Loan and would like more information regarding the terms conditions, click here