Am I eligible for a Stafford Loan?

Stafford Loan Benefits:

• Fixed interest rate - as low as 5.6%
  
• No payments while in school at least half-time

To be eligible for a Stafford loan you need to file a FAFSA. In addition to filing the FAFSA you must meet the following requirements.

• You are a U.S. citizen, permanent resident, or eligible non citizen.
• You are enrolled at least half-time in a degree seeking program (based on your school's definition of full and half-time status).
• You must maintain satisfactory academic progress at your school in order to be eligible for Stafford loans.
• You do not currently have any Federal loans that are in default.

Check out our financial aid forum to post questions and engage in conversation with peers and industry leading financial aid experts.

Stafford Loan Frequently Asked Questions

• Am I eligible for a Stafford Loan?
• How do I apply for a Stafford Loan?
• Are there Stafford Loan deadlines?
• What's the difference between unsubsidized and subsidized loans?
• When do I receive the Stafford Loan funds?
• What are the Stafford Loan interest rates?
• How much can I borrow under a Stafford Loan?
• What is EFC and how is it calculated?
• What can I use a Stafford Loan for?
• Are there specific schools that accept Stafford Loans?
• Why did I receive less than what I thought I would receive in Stafford Loan funds?
• Do I have to apply for a Stafford Loan every academic year?
• Can I receive a Stafford Loan if I have bad credit/declared bankruptcy/have late payments on credit cards?
• How can I bridge the financial gap between the total cost of education (including room and board, fees, books) and the amount of financial aid I was awarded?
• Will I pay any fees for a Stafford Loan?
• What are the repayment options for a Stafford Loan?
• What are the penalties for early payment or if the loan is paid in full before scheduled (deferred) payments begin?
• What are the Stafford Loan cancellation policies?

Click Here to Start Your Stafford Loan Application