Federal Direct Stafford Loan
A Federal Direct Stafford Loan is an educational loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students borrow directly from the U.S. Department of Education. Students must be enrolled on at least a half time basis, six credits a term, to be eligible for a student loan. These loans are either subsidized or unsubsidized. Dependent students can borrow no more than $5,500 at the freshmen level, $6,500 at the sophomore level, and $7,500 at subsequent levels. The aggregate total of loans as a dependent, undergraduate may not exceed $31,000. Independent and graduate students qualify for additional amounts.
Please note: Students who plan to borrow a Federal Direct Stafford Loan must complete an entrance counseling session and Master Promissory Note at https://studentloans.gov
Repayment of the loan is required and begins six months after graduation or when a student drops below half-time enrollment.
For more details regarding this program, please see the Federal Direct Stafford Loan Document.
Information regarding the Loan Repayment process, can be located here.