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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,
This PDF provides essential instructions for borrowing a Federal Direct Stafford Loan for the 2023-2024 academic year. It outlines the steps required to complete the loan request form, along with eligibility criteria, loan types, and submission guidelines.
2023-2024 Federal Direct Stafford Loan Request Instructions. If you would like to borrow a Federal Direct Stafford loan, please complete the following steps: Complete this Federal Direct Stafford Loan Request Form . Complete your electronic Federal Direct Stafford Loan Master Promissory Note online.
To request or accept a loan for 2023-2024: To request an increase to your existing 2023-2024 loan: To decline or reduce your existing 2023-2024 loan: Subsidized Loan – Fixed interest rate of 5.50% as of July 1, 2023. Federal government pays accruing interest while the borrower is enrolled in school.
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.
To be eligible to apply for a Stafford Loan you must be admitted as a degree student, have completed a FAFSA for the 2023-2024 academic year, and be registered for at least 6 credits towards your degree. Please complete this form indicating the amount you would like to borrow.
• Complete this form (Westminster Seminary California Application for Federal Stafford Loans) • You must reapply each academic year that you want to take out a loan. The Financial Aid Coordinator will not begin to certify your loan until you are enrolled and all forms are submitted.
