Student Affairs
Federal Direct Subsidized Stafford Loan
Subsidized Stafford Loans are need-based, federally subsidized loans with a fixed interest rate of 6.8%. Repayment is deferred until after students graduate, withdraw, or enroll less than half-time. Interest is paid by the federal government until six months after students graduate, withdraw, or drop below half-time enrollment. Borrowers must pay a 2.5% origination fee, which is deducted from each disbursement. An up front interest rebate of 1.5% will be given to Stafford borrowers who make their first twelve required monthly payments on time.
Graduate students may borrow no more than $8,500 per year up to a $65,500 cumulative total, minus what they borrowed as undergraduates in the Subsidized Stafford Loan Program.