Students are required to apply through a federally approved need analysis system to determine their eligibility and have a complete financial aid file prior to having a Stafford Loan processed by the Financial Aid Office. This loan is not based on financial need. Students may receive both a subsidized and Unsubsidized Stafford loan, but the total may not exceed Stafford loan limits. Annual and cumulative dollar limits are the same as the Subsidized Stafford Loan. Annual variable rates are the same as the Subsidized Stafford Loan Program.
Interest is charged from the time the loan is disbursed until the loan is paid in full.
This loan is for the parents of dependent students and secured from a private lending institution. Student's must be enrolled in at least 6 credit hours. Created with the help of students and financial aid professionals, Online Student Loan Counseling enables participants to complete the counseling requirement anytime, anywhere. It is a federal government requirement that students complete a student loan entrance counseling session prior to obtaining a Federal Stafford student loan. The purpose of the session is to help you to understand your rights and obligations as a student loan borrower.