...you borrow conservatively and keep loan debt manageable. Generally, a manageable level of debt is between 8% and 15% of your monthly gross income. Keep this in mind when borrowing and remember to borrow only what you need.
What are Stafford Loans?Stafford Loans are an available resource for students who are enrolled at least half-time (6 credits) and are either subsidized or unsubsidized.
*Amounts include additional unsubsidized loan funds which are available to independent students and to dependent students whose parents are denied the PLUS loan. Also, please note that lenders can take origination fees ranging from 1%-4% of your loan which is deducted from the amount borrowed.
How do I apply for the Stafford Loan?You can apply for the Stafford Loan by completing the Free Application for Federal Student Aid (FAFSA). Once your financial aid file is complete, we will certify your Stafford Loan. If you are a first-time borrower, you will need to complete a Master Promissory Note (MPN) online. You will also need to complete entrance counseling which can be done online at StudentLoans.gov.