Are there specific schools that accept Stafford Loans?
Stafford Loan Benefits
- Fixed interest rate - as low as 3.4%
- No payments while in school at least half-time
Yes. The Stafford Loan is part of the Federal Direct Loan Program run by the Department of Education. Not all schools participate in the Federal Student Aid Program, so it's important to find out whether or not your school does.
To determine if your school participates in the Federal Student Aid Program, visit FAFSA.ed.gov to search for your school.
The majority of U.S. schools, as well as some foreign institutions, do offer federal aid in some form, whether loans or grants. If your school does not participate, then you will not be able to borrow the Stafford loan. To find out what is available at your institution, contact your school's financial aid office.
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?
- 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?
- 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?
