Federal Direct Subsidized Stafford
Loan
The Federal Direct Subsidized Stafford Loan is awarded to meet financial need
after other resources are subtracted. Maximum
annual loan limits apply and may limit the amount that a student may
borrow. The interest rate for Federal Subsidized Stafford Loans
disbursed on or after July 1, 2009 is fixed at 5.6 percent for undergraduates and 6.8 percent for graduate students. Repayment
of the loan begins six months after the student is no longer enrolled
at least half time (six credits) and the federal government pays interest on the
loan until you begin repayment.
Apply for a Federal Direct Subsidized Stafford Loan
In order to be eligible to apply for a Federal Direct Subsidized Stafford
Loan, you must complete the FAFSA and be enrolled for at least
six credits by the add/drop deadline each semester.
If you are eligible for a Federal Direct Subsidized Stafford Loan,
it will be included in your financial aid
award package.
In order to receive a Federal Direct Subsidized Stafford Loan, you must complete a Master
Promissory Note (MPN) before the loan funds will be disbursed. In
most cases, you will only be required to complete one MPN during your
college career.
Reduce or Cancel a Federal Direct Subsidized Stafford Loan
If you would like to reduce or cancel this loan after you have
applied through a lender, you must inform our office by completing
the Loan Decrease/Cancel Request
Form, also located on our Web site under forms. Please
submit this form to our office for processing well before your
funds are set to disburse to your billing account in order
to avoid complications with the return of these funds.
Maximum Allowable Loan Amounts for Federal Stafford Loans
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