Federal Stafford Loans

Federal Stafford Loans are low interest loans available to eligible students to help offset educational expenses.

Stafford loans may be either:

Subsidized

This loan is need-based. Eligibility is determined by the information you provide on the Free Application for Federal Student Aid (FAFSA)
The federal government pays the interest that accrues while you are in school, during your six-month grace period after finishing school and during periods of approved deferment

This loan is available to you regardless of financial need
You can make interest payments on this loan while in school and in grace, or you can defer these interest payments. If you choose to defer these payments, the accrued interest will be capitalized once upon repayment (added to your original loan amount), resulting in a higher cost of interest over the life of the loan

For additional information on the Federal Stafford Loan, visit the Federal Student Aid website.

The Stafford Loan Lenders found on the Stafford Lender Comparison Chart are listed due to the compatibility of their loan delivery systems and the Institute's, high standard of loan delivery, customer service, and repayment terms. The Stafford Lenders listed are reviewed annually for effectiveness and may be subject to change.
The Institute will honor any request should a student choose a different lender. Students are required to complete the Alternative Lender Form in order to receive a Stafford Loan through a lender that is not listed on the Preferred Lenders List.
All Stafford Loan Lenders have the legal right to sell a student's Stafford Loan once it is fully disbursed. Should this occur, the original repayment incentives may be changed by the new lender.
Should a student choose to consolidate Federal Stafford Loans upon graduation or separation from the Institute, the original repayment incentives are terminated and the new repayment incentives are associated with the new consolidation loan.
Students may choose ANY Stafford Loan Lender for consolidation regardless of the lender chosen for the original Stafford Loan(s). Consolidation may occur upon graduation or separation with the Institute. Students may not consolidate while enrolled.
Federal Stafford Loans may be consolidated with other Federal Loans such as Perkins and GradPLUS.