Stafford Loans (SUB and UNSUB) General Information | Financial Aid

Overview Overview for Undergraduates and Graduates

Types of Aid Scholarships HOPE Zell Miller Scholarship Grants Student Employment-Federal Work Study Student Employment-University Loans Graduate Assistantships

How to Apply FAFSA GSFApps Status of Financial Aid Application Verification Procedures

Cost of Attendance For all students

Payment Plan Payment Plan

General Information Deadlines Steps to Apply Status of Financial Aid Application How Financial Aid is Determined Change in Information Enrollment Status Policy-Satisfactory Academic Progress Policy-Disbursement of Financial Aid Policy-Refund Policy and Procedures Outside Scholarships Transient Status

Forms Verification for 2013-2014 Verification Procedures Request of Documentation Verification Worksheet (Dependent) Verification Worksheet (Independent) Additional Financial Information Student Aid Eligibility Worksheet Q23 Student Dependency Status Worksheet Online Applications Loan Forms HOPE Application and Information Consortium Agreement

Links Student Loans Collections (Federal Perkins and Short-term Institutional) Loan Entrance/ Exit Counseling Direct Loan Servicing Center Selective Service Registration The Student Guide FAFSA Help Federal School Code

FAQs Frequently Asked Questions

Stafford Loans (SUBSIDIZED and UNSUBSIDIZED) General Information

SUBSIDIZED
The subsidized Stafford is a need-based loan program. For a qualified student, the Federal Government pays the interest until the student ceases enrollment as, at least, a halftime student.
The amount a student can borrow will vary, depending upon the student's demonstrated financial need.
To apply, the student must complete the university application procedure.

UNSUBSIDIZED
Students may borrow through the unsubsidized loan program regardless of income. The unsubsidized loan's terms and conditions are the same as the federal Stafford subsidized loan such as loan limits, deferments, and interest rates. Students are charged with interest during in school and grace periods.
Please contact the Financial Aid office if you have any additional questions.

Stafford Loan Interest Rates

Note: Graduate students are only eligible to receive unsubsidized loans.

Academic Year	Subsidized	Unsubsidized
2009 - 2010	5.60%	6.80%
2010 - 2011	4.50%	6.80%
2011 - 2012	3.40%	6.80%
2012 - 2013	3.40%	6.80%

Stafford Loan Limits

Year in school	Type of Student
Year in school	Dependent undergraduate students	Independent undergraduate students and Dependent students whose parents are unable to obtain PLUS Loans	Graduate and professional degree students
Freshman	$5,500 – No more than $3,500 may be in subsidized loans	$9,500 – No more than $3,500 may be in subsidized loans	$20,500
Sophomore	$6,500 – No more than $4,500 may be in subsidized loans	$10,500 – No more than $4,500 may be in subsidized loans
Junior and Senior	$7,500 – No more than $5,500 may be in subsidized loans	$12,500 – No more than $5,500 may be in subsidized loans
Aggregate loan limit	$31,000 – No more than $23,000 may be in subsidized loans	$57,500 – No more than $23,000 may be in subsidized loans	$138,500 – this limit includes loans received during undergraduate study