Federal Stafford Loans

Federal Stafford Loans are available as subsidized, unsubsidized, or a combination of both types.  Students are not required to make payments on either type of loan while enrolled at least half-time at an eligible educational institution.  However, students may find it is advantageous to make regular or interest-only payments while enrolled.

Subsidized Stafford Loans are awarded based on each student's demonstrated financial need, as determined by the Financial Aid Office.  These loans are interest free while the student is enrolled at least half-time at an eligible educational institution or during authorized grace and deferment periods.  Interest is charged once the loan is in repayment or when it is in forbearance status.

Unsubsidized Stafford Loans are awarded regardless of each student's demonstrated financial need.  These loans begin to generate interest charges immediately after disbursement.  You have the option of making quarterly interest payments or deferring the interest during at least half-time enrollment, grace, and deferment periods, however the interest due will be capitalized (added to the outstanding loan balance).

*All Federal Stafford Loan applicants must complete the FAFSA to determine eligibility for the loan.