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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.
Gather all of your education loan records, account statements, and bills so that you will have all the information needed to complete the Direct Consolidation Loan Application and Promissory Note (Note). Print using a blue or black ballpoint pen. Enter dates as month-day-year (mm-dd-yyyy). Use only numbers.
2024-2025 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.
This is a Master Promissory Note (MPN) for one or more Federal Direct Stafford/Ford (Direct Subsidized) Loans and/or Federal Direct Unsubsidized Stafford/Ford (Direct Unsubsidized) Loans. I request a total amount of Direct Subsidized Loans and/or Direct Unsubsidized Loans under this MPN not to
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.
To receive a Stafford Loan, a student must complete a Free Application for Federal Student Aid (FAFSA) and a Master Promissory Note (MPN). Depending on the lending program, a student may obtain an MPN from a school, a lender, guaranty agency, or the Department.
A student can borrow up to $20,500 per year through the Federal Direct Unsubsidized Loan program. Payments on the principal of the Federal Direct Unsubsidized Loan can be deferred while the student is enrolled at least half time.
