Stafford Loans

Students must complete the Free Application for Federal Student Aid (FAFSA)/Renewal FAFSA to be considered for a Stafford Loan.

Leave of absence

You will enter your 6 or 9 month grace period, depending on the type of loan you have. At the end of that period you will start to re-pay your loan.  When you re-enroll, you will be eligible to defer payments.

Interest rate

The undergraduate interest rate is 4.5% fixed for subsidized and 6.8% fixed for unsubsidized. For all graduate students the interest rate is 6.8%.

Undergraduate Stafford Loan amounts

Freshman - $5,500 ($3,500 max Sub)

Sophomore - $6,500 ($4,500 max Sub)

Junior - $7,500 ($5,500 max Sub)

Senior - $7,500 ($5,500 max Sub)