United States
"Stafford Loan"
by U.S. Department of Education

What is a Stafford Loan ?

Direct Stafford Loans are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university.

How Does a Stafford Loan Work ?

Stafford Loans are federal loans made by the government, borrowers receive loans directly from U.S. Department of Education & you will repay a Stafford Loan to department.

Who is Eligible for Stafford Loan ?

Stafford loan is available to college and university undergraduate, graduate, and professional students attending college at least half-time.


Types of Stafford Loan

There are two types of Stafford loans, subsidized and unsubsidized and each type has different financial-need requirements and benefits.

Interest Rate of Stafford Loans

Interest rates on Stafford loans are fixed for the life of the loan. Undergraduate students receive a 4.99% and graduate students receive a 6.54% interest rate.

How Much is Stafford Loan ?

Borrowing Limits that is currently set at $31,000 for undergraduates who are dependent, $57,500 for undergraduates who are independent & $138,500 for graduate students.

Maximum Length of Stafford Loan

30 years is the maximum loan length, based on the amount borrowed and the repayment option selected. The Direct programs provide a selection of repayment options.

How to Apply for Stafford Loan ?

click here to apply

Fill out the FAFSA if you want to apply for Direct Stafford Loans. Every year on October 1st, the submission period opens.