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DIVISION OF STUDENT FINANCIAL AID |
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Federal Stafford Loan Many students rely on federal government loans to finance their educations. These loans have low interest rates and do not require credit checks or collateral. The federal loan for students is called the Stafford Loan and is under the Federal Family Education Loan Program (FFELP). These loans are provided by private lenders, such as banks, credit unions and savings & loan associations. These loans are guaranteed against default by the federal government. Stafford loans are available for students meeting certain qualifications. If you're a regular student enrolled in an eligible program at least half-time (4 hours-undergraduate or 3 hours-graduate) you may receive a FFEL Stafford Loan. You will automatically be considered for a Stafford Loan(s) if you have eligibility. See the menu below for additional information for new borrowers.
After you graduate, leave school, or drop below half-time enrollment, you have a six-month grace period before you begin repayment. The lender will send you information about repayment, and you'll be notified of the date repayment begins. See the menu below for additional information about repaying your student loan.
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