The exact amount will vary depending on financial need.
|Annual subsidized Stafford Loan amounts|
|Undergraduate (dependent/independent), first year||$3,500|
|Undergraduate (dependent/independent), second year||$4,500|
|Undergraduate (dependent/independent), third year||$5,500|
|Undergraduate (dependent/independent), fourth year||$5,500|
|Cumulative subsidized Stafford Loan amounts (over 4 years)|
For the 2012-13 academic year, the interest rate will be a fixed rate of 3.4 percent. No interest accrues while the student is enrolled at least half-time. Standard repayment period is 10 years. A net 1.051 percent processing fee is deducted from the loan proceeds when the funds are disbursed. Repayment begins and interest accrues six months after the last date of half-time enrollment.
Award is renewed only if all necessary forms are filed each year and students continue to meet eligibility requirements. Students may not be required to complete entrance counseling and eMPN if these requirements were previously completed.
The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.
FAFSA School Code: 003863
Questions or for more information, contact the Office of Student Financial Aid