Search results
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.
This MPN is used to make Direct Subsidized Loans and Direct Unsubsidized Loans. Only undergraduate students with financial need are eligible to receive Direct Subsidized Loans. Both undergraduate and graduate or professional students can receive Direct Unsubsidized Loans.
The Master Promissory Note (MPN) for Direct Subsidized Loans and Direct Unsubsidized Loans is a legal document in which you promise to repay your loan (s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan (s).
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.
A Federal Direct Subsidized Stafford Loan is offered as a need-based loan after grants, scholarships and other resources are subtracted or up to the annual maximum loan limit, whichever is lower. It is the U.S. Department of Education's major form of self-help aid and is available through the William D. Ford Federal Direct Loan Program.
The Federal Stafford Loan is a non-credit based student loan for undergraduate and graduate students. There are two basic types of Stafford loans: subsidized and unsubsidized. Both have a 6 month grace period (a period of time when a student is no longer enrolled for at least half-time and not required to make payments) and fixed interest rates ...
Lender: Department of Education. Loan Amount: Up to $5,500 for the freshman year, $6,500 for the sophomore year, and $7,500 for each of the junior and senior years (minus any subsidized loans they have received). Interest Rate: 6.53% for 2024-25. 5.50% for 2023-24.
