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Stafford Loans

 

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The federal government offers two types of Federal Direct Stafford Loan programs. Yearly and aggregate loan limits apply to both programs.

  • The Direct Subsidized Stafford Loan is need based
  • The Direct Unsubsidized Stafford Loan is not based on a need formula


Direct Stafford Loan Limits Table

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 Type of Student 
 Year in school  Dependent undergraduate 
 (except whose parents are unable to obtain PLUS Loans) 
Independent undergraduate
(and dependent students whose parents are
unable to obtain
PLUS Loans) 
Gradutate and professional 
degree students 
 Freshmen
 (0-29 earned  credits) 
$5,500
($3,500 max in
subsidized loans) 
$9,500
($3,500 max in
subsidized loans) 
$20,500
(all unsubsidized
as of July 1, 2012) 
 Sophomore 
 (30-59  earned  credits) 
$6,500
$4,500 max in 
subsidized loans)
$10,500
$4,500 max in 
subsidized loans)
 Junior
 (60-89  earned  credits) 
$7,500
$5,500 max in 
subsidized loans)
$12,500
$5,500 max in 
subsidized loans)
 Senior
 (90+ earned  credits) 
$7,500
$5,500 max in 
subsidized loans)
$12,500
$5,500 max in 
subsidized loans)
 Aggregate  Limits $31,000
($23,000 max in
subsidized loans) 
$57,500
($23,000 max in
subsidized loans)
$138,500
($65,500 max in
subsidized loans)

To Recieve Direct Stafford Loans

Graduate, Withdraw, or Drop Below Half-time?

Federal law requires you to complete the Exit Counseling which provides information about how to manage your student loans. (Exit Counseling Guidebook)

Interest and Repayment Information

    • The Interest rate changes each year.  You can view current interest rates here.
    • The Direct Subsidized Stafford Loan interest is deferred while you are in school.  Depending on when you borrowed your subsidized Stafford loan, it may or not accrue interest during your grace period which is the first six months after you leave school or drop below at least part time and also during periods of deferment.  Please refer to the guidelines found here.

    • The Direct Unsubsidized Loan interest accrues while you are in school and during any deferment period.

 

Important Information

 

FAFSA Workshops 

Contact Information


 School Code

 003321

 Hours of Operation

 Fall-Spring

 Mon-Fri 9:00-4:30

 Summer

 Mon-Fri 9:00-4:00
 

 Address

 Hamilton Hall
 210 Glasgow Road
 Edinboro, PA 16444
 

 Email

 finaid@edinboro.edu
 

 Phone

 814-732-3500
 888-611-2680
 

 Fax

 814-732-2129