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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. No new loans have been made under the FFEL Program since July 1, 2010.
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
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.
To receive a Stafford Loan, a student borrower must meet the basic eligibility requirements for FSA funds (citizenship, Selective Service registration if applicable, etc.).
Borrowers can now apply for income-driven repayment (IDR) plans electronically rather than needing to upload an application to our website. Please visit StudentAid.gov/IDR to submit your application.
24 lip 2024 · Subsidized Stafford Loans. When you have a Subsidized Stafford Loans, the federal government will pay the interest on your loans for you while you are enrolled in school, when your student loans are in deferment, and in the six months after you graduate.
How do I apply for a Federal Direct Stafford Loan? Complete a Free Application for Federal Student Aid (FAFSA) . The form is available online at https://studentaid.gov/h/apply-for-aid/fafsa .
