William D. Ford Direct Stafford Loan (Subsidized & Unsubsidized)
William D. Ford Direct Subsidized Stafford Loan allows eligible students with financial need to borrow directly from the federal government at a low interest rate. Not everyone is eligible for this loan. No repayment is due and no interest accrues until six months after you graduate, leave college or cease to be a half-time student. Borrowers will pay a fixed interest rate based on current federal rates.
Annual Limits
Students must be enrolled at least half-time as shown below and each year may borrow up to:
Regular graduate |
$20,500 |
5 credit hours |
Provisional graduate |
$12,500 |
6 credit hours |
Certification graduate |
$12,500 |
6 credit hours |
Provisional/Certification amounts are also based upon the total amount borrowed in all previous undergraduate, certification or provisional programs.
William D. Ford Direct Unsubsidized Stafford Loan allows students to borrow from the unsubsidized loan program regardless of need. The available annual limits for certification or provisional graduates include any funds borrowed previously in an undergraduate, provisional or certification program. Overall aggregate loan limits include all amounts received under the Stafford Loan program for undergraduate or graduate level programs.
Repayment of principal amounts is not required as long as the student remains enrolled at least half-time. However, interest accrues and is billed to the student while you are in school. Students must also be enrolled at least half-time to receive these funds.
