Federal Stafford Loans are federally guaranteed, low interest rate loans that are available to eligible students as determined by the FAFSA. Because the loans are guaranteed, application for the loan is not based on credit history or income.
Loan repayment begins after you graduate or drop below half-time status. Your loan servicer offers several repayment options.
The Federal Stafford Unsubsidized Loan
Professional degree students may be eligible to borrow up to $20,500 per academic year. Loan amounts may be reduced if you receive other assistance i.e. scholarships, tuition, waivers.
The total Federal Stafford Loan limit for professional degree students is $138,500 (only $65,500 of this amount may be subsidized). The total loan limit includes Federal Stafford Loans borrowed as an undergraduate and/or graduate student.
If you graduate or drop below half-time, you must complete a Federal Stafford Loan Exit Interview.