Stafford Student Loan Subsidized

• A low-interest loan arranged by a lender such as Yale, a bank, a credit union, or a savings and loan association.
• This is a need-based program for which eligibility is determined from information provided on the FAFSA form.
• Federal Stafford Loans are insured by a state or private guarantee agency and reinsured by the federal government.
• Depending on your need, you may borrow up to $8,500 a year.
• Total Federal Stafford you may borrow, as a graduate or professional student is $65,500, including the remaining balance of any Federal Stafford Loan borrowed at the undergraduate level.
• Loan applications are available at most commercial and savings banks, savings and loan associations, and credit unions. If you have any outstanding Federal Stafford, it helps to return to the same lender.
• Applications should submitted to the Financial Aid Office about two months prior to the date funds are needed.

Terms and Conditions

• Interest Rate is 6.8%.
• The federal government will pay interest until six months after graduation or withdrawal from school, at which time you must begin to repay the loan.
• A federal loan origination fee of 1 percent and a guaranty default reduction fee of up to 1 percent will be deducted from the amount requested.
• You must attend entrance and exit interviews in the Student Loan Office and complete the necessary forms, including promissory note, before the loan will be disbursed.

Stafford Student Loan Lenders

• Access
• CitiBank
• Chase
• MedAchiever/Key Bank
• Sallie Mae Medical School Loans (Medicine only)
• Sallie Mae Loans