Federal Direct Subsidized Stafford Loan

This is a Federal Loan program that is awarded based on demonstrated Financial Need.

Who may apply: Students in all programs who meet the special qualifications.

Special Qualifications: Students must

• Be enrolled at least half-time (6 credit hours for most programs)
• Be a U.S. Citizen or Permanent Resident.
• Show sufficient Financial Need based on FAFSA results

Maximum: $8,500 per academic year.

Interest:

• Subsidized (interest free) during school, grace, or deferment
• 6.8% fixed interest rate

Fees: may charge up to 3% in Origination and Guarantee Fees

Repayment Options:

• http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jsp

• http://studentaid.ed.gov/PORTALSWebApp/students/english/difficulty.jsp

Contact the Financial Aid Office:      (847) 578-3217