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 is variable and changes every July 1st. There is also an origination fee that will be deducted before the loan proceeds are sent to the school.

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 for you during eligible periods of enrollment.

Application Priority Processing Dates

Your loan application must be on file with our office by these dates in order for your loan funds to be available for the first billing due date.

Final Application Deadline Dates

Loan applications submitted after the priority deadline dates will be processed throughout the semester; however, MPNs and Entrance Counseling received after the following deadline dates cannot be processed:

Stafford Loan Eligibility Requirements

• The student must be meeting Satisfactory Academic Progress (SAP) standards
• The student must be enrolled for at least six credits each semester
• A current year FAFSA application is required
  • If the FAFSA application is selected for verification, all required documents must be submitted and reviewed before the loan can be processed

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.

The Stafford loan process is a two-step process:

Step 1- Complete a Federal Direct Stafford Loan Master Promissory Note
Step 2- Complete the Stafford Loan Entrance Counseling

Reduce or Cancel a Federal Direct Subsidized Stafford Loan

If you would like to reduce or cancel this loan, 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.