Stafford loans are fixed-rate loans for undergraduate and graduate students attending college at least half time. Provided under a federal government program, Stafford loans provide an excellent educational funding resource for US citizens and permanent residents. Because the program is controlled by the US federal government, interest rates can be very competitive - as low as 5.6% currently for undergraduates. Stafford loans can be subsidized or unsubsidized, based on the student's financial need. For subsidized Stafford loans, the government pays the interest on the loan while the student is in school. Subsidized Stafford loans have lower maximum limits than unsubsidized Stafford loans.
International students in the US are not eligible for Stafford loans, but US students studying abroad or directly enrolled in an approved foreign school should apply for as much Stafford loan funding as possible and apply for a private loan to meet any remaining need. We partner with StaffordLoan.com to provide you access to Stafford and other federally-guaranteed loans.
To apply for a Stafford Loan, you first must complete the Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA. After the FAFSA is processed, your school will review the results and you will receive an "Award Letter" informing you about your loan eligibility. You may then apply for the Federal Stafford loan. If you have not already submitted your FAFSA, you can complete the FAFSA online at FafsaOnline.com.
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