Amount
The annual loan limits are $5,500 for freshmen, $6,500 for sophomores and $7,500 for juniors and seniors.
Interest rates
For loans first disbursed on or after 7/1/20 and before 7/1/21 the interest rate is fixed at 2.75 percent.
Repayment
Repayment begins six months after you leave school or drop below half-time enrollment. You are responsible for repaying interest from the date of disbursement. Interest payments may be made in installments or allowed to accumulate and be added to the principal.
Qualifications
Unsubsidized Stafford Loans are granted to both undergraduate and graduate students regardless of financial need. First-time borrowers must complete online entrance counseling prior to loan approval.
Application
To be eligible for a Stafford Loan, you must complete the steps listed under "Applying for a Stafford Loan" at the top of this page.
Review our Direct Stafford Loan for more information about how to review and accept your award.