On July 1, important changes went into effect for all undergraduate Stafford loans. The Stafford interest rate dropped from 6.80% to 6.00% for subsidized loans and loan limits were increased. Students can now borrow $2,000 more in unsubsidized funds on top of their base amount. With a low fixed rate, it is important to maximize your Stafford Loan award.

Undergraduates

Students

Federal student loan with a fixed interest rate as low as 6%:
Undergrad Stafford Loan

Graduate Students

Stafford Loan for Graduate Students

Graduate Students can borrow up to $20,500 per school year:
Graduate Stafford Loan

Scholarship Contest

Recent Graduates

Fast and easy with no GPA or other academic requirements:
30 Second Entry Form

Federal Stafford Loan Program

You've made the right first step on the path to financing your higher education with a Federal Stafford Loan. Federal student loans are the most affordable loans available to students, with the lowest interest rates and deferred principal and interest payments until after graduation. If after maximizing your federal funding you still have unmet, consider Private Student Loans or the PLUS Loan for parents of undergraduate students.

After graduation, be sure to remember your student loans. Think about your repayment options and now might be a good time to consider student loan consolidation. When you consolidate your stafford loans, you are locking in today's low rates, combining multiple payments into one and lowering your monthly payment. Teachers and some other professionals may qualify for loan forgiveness programs.

My school won’t certify my loan, now what?

Aug 19 2008

If your school participates in the Federal Family Education Loan Program (FFELP) they are not permitted to refuse to certify a loan because of the lender the borrower has selected.

The law and regulations clearly...

Watch out for Stafford Loan Fee’s!

Aug 11 2008

I have a question for you. Have you ever stopped to consider what fees are associated with your Stafford loan undergraduate application? If you have than you are in the minority. Most students generally have...