Federal Direct Stafford Loan Program for Graduate Students

Federal Direct Stafford Student Loan - Subsidized: This program allows graduate students who demonstrate federal financial aid eligibility and who are enrolled for at least 6 credits per term (Fall and Spring Terms) or 3 credits per term (Summer Sessions) to borrow up to $8,500 per academic grade level.  The interest rate is fixed at 6.8 percent.  Interest does not accrue, nor does repayment begin on subsidized Stafford Loans until six months after termination of college enrollment on a less than half-time basis. Subsidized Direct Loans carry a 3.00%  federal origination fee and an up-front interest rebate equal to 1.50% of the loan amount. Net proceeds will equal approximately 98.5% of the loan amount.

Federal Direct Stafford Student Loan - Unsubsidized: This loan allows all students regardless of federal financial aid eligibility and who are enrolled for at least 6 credits per term (Fall and Spring) or 3 credits per term (Summer Sessions) to borrow up to $20,500 per academic grad level including any amount borrowed under the subsidized Stafford Loan Program.  The interest rate and origination fee are the same as specified above, however, interest accrual begins immediately during in-school and deferment periods.  Interest accruing during those periods may be paid or capitalized.

Follow the application procedures to apply for a Federal Direct Stafford Loan.  Students must complete an electronic Federal Direct Stafford Student Loan Master Promissory note to borrow funds through this program.