Federal law requires that education institutions accept all
completed stafford applications regardless of the lender selected
by the applicant.
Stafford Student Loan
Summary
intro:
government guaranteed, fixed rate
loan that cover all or part of your
education expense
for undergraduate and graduates:
stafford student loans are available for both undergraduate and graduate level programs at different qualifying amounts: see loan amount chart
uses:
designed to pay for education-related
expenses as certified by the institution
aggregate
amounts for undergraduates:
borrow up to $23,000 for dependent status;
up to $46,000 for independent status
aggregate
amounts for graduates:
borrow up to $138,500; includes amount
from undergraduate
no
restrictions:
no credit
check or co-borrower required
loan
processing:
processed
and funded through the institution
eligibility:
loan eligibility requirements include
HS diploma, approved DOE certified
school, and other eligibility requirements: link
to view student eligibility
rates:
Stafford student loans are fixed rate loans for the term life of the loan: see
rates
terms:
repayment begins 180 days after graduation
or separation from school
budget tracking sheet:
keep tabs on your student loans to help plan financial aid needs for each academic year -- plus manage your monthly living costs:
FREE download
