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  1. Stafford Loan. The term “Stafford Loan” may refer to a subsidized or unsubsidized Federal Stafford Loan that was made to students attending schools that previously participated in the Federal Family Education Loan (FFEL) Program.

  2. xThe interest rate on the amount of the loan borrowed for 2023-2024 school year is 5.50% for subsidized and unsubsidized loans. The loans are subject to a loan fee of 1.057% on or after 10/1/2020 and before October 1, 2024, which will automatically be deducted prior to each loan disbursement; therefore, the amount of the loan

  3. How to Apply for a Federal Stafford Student Loan: Step 1 : In order to establish eligibility for the Federal Stafford and/or PLUS loan you must complete and submit a FAFSA (Free Application for Federal Student Aid) for the applicable award year that you are planning to enroll.

  4. To apply for a Federal Direct Subsidized Loan, the student must complete the FAFSA. If the student is eligible for a Federal Direct Subsidized Loan, the offer amount will be posted on the student’s electronic Offer Letter on SalukiNet.

  5. The Stafford loan is the most popular low-cost federal student loan, with both subsidized and unsubsidized types. Learn what they cost and how to qualify.

  6. Application Instructions: Complete an online entrance interview, and complete a Master Promissory Note (MPN) at www.studentloans.gov. You will also need to complete a Free Application for Federal Student Aid (FAFSA) for the appropriate academic year. Unsubsidized.

  7. Both Direct Subsidized Loans and Direct Unsubsidized Loans. are federal student loans offered by the U.S. Department of Education (ED), require you to be enrolled in school at least half-time to be eligible, and. offer a six-month grace period before you’re required to start repayment.

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