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 6% fixed for subsidized and 6.8% fixed for unsubsidized. For all graduate students the interest rate is 6.8%.

Undergraduate Stafford Loan amounts

Freshman - $3,500

Sophomore - $4,500

Junior - $5,500

Senior - $5,500

Additional Unsubsidized Stafford

$2,000 for all undergraduate students.