Independent and graduate students may have additional unsubsidized Stafford Loan eligibility beyond the annual loan limits specified above. How to Apply Complete the Free Application for Federal Student Aid, Alfred University Financial Aid Application, and Stafford Loan Master Promissory Note. The FSL Master Promissory Note is provided to students by the Student Financial Aid office at the appropriate time. Alfred University Eligibility Undergraduate and graduate students with financial need who are carrying at least six credits per semester. Applicants must be U.S. citizens or permanent residents.
Preference is given to full-time students.
Repayment of loans plus 5 percent interest begins nine months after the student graduates, terminates attendance, or drops below six credit hours. The repayment period may extend up to 10 years, depending on the amount borrowed. Cancellation and deferment provisions are available. Administered by the Financial Aid Office, eligibility is based on financial need as determined by the Federal Need Analysis Methodology. How to Apply Complete the Free Application for Federal Student Aid and Alfred University Financial Aid Application.