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summary: stafford student loans
Four (4) quick notes about stafford student loans
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Loan Amounts
- Varies by student grade level. The higher your credit earned, the higher amount of loan amounts: see loan chart
- repayment on the amount borrowed begins 180 days after graduation or separation from school.
- defernment plans are available
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Loan Eligibility
- display a need for financial aid (except for unsubsidized Stafford and PLUS loans).
- complete high school and have been awarded a high school diploma
or a General Education Development (GED) Certificate.
- pass a college entrance exam approved by the U.S. Department of Education, and/or meet other standards your state may establish.
- be enrolled or accepted for enrollment as a regular student working
at least half-time toward a degree or certificate in an
eligible program.
- be a U.S. citizen or eligible non-citizen.
- have a valid Social Security number
- make satisfactory academic progress.
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Interest Rates
- Current Rate: 4.66%
- Your interest rate is fixed for the life of the loan
- interest on eligible amounts may be subsidized and unsubsidized
- no credit check or co-borrower needed
Helpful Tools
Some helpful tools for making college aid decisions:
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College Aid Topics
Key topics on college aid issues:
Student Financial Aid (summary)
