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  • Summer 2012 Direct Stafford Loan Fact Sheet For - Boston University

Get Summer 2012 Direct Stafford Loan Fact Sheet For - Boston University

Rate is fixed at 6.8%. Students must meet federal eligibility criteria to qualify for the Federal Direct Stafford loan. Eligibility is determined by a federally legislated analysis of family financial information provided on a 2011/2012 or 2012/2013 Free Application for Federal Student Aid (FAFSA). Refer to #1 on the back of this form to determine which federal form applies to you. As a result of the Federal Budget Control Act of 2011, most students will no longer qualify for the Subsidized Fed.

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If you are currently applying for a new loan and your school uses the term Stafford Loan, they are talking about a Federal Direct Loan. However, if you attended school before July 2010, you may have a Stafford Loan and are still required to pay those loans.

After you graduate, leave school, or drop below half-time enrollment, you have a six-month grace period before you begin repayment. Fees: You'll pay a fee of up to four percent of the loan, deducted proportionately from each loan disbursement. Stafford Loans for Students - GovLoans.gov GovLoans.gov https://.govloans.gov › loans › stafford-loans-for-st... GovLoans.gov https://.govloans.gov › loans › stafford-loans-for-st...

If you have a Direct Consolidation Loan or a Federal Consolidation Loan, you may be eligible for forgiveness of the outstanding portion of the consolidation loan that repaid an eligible Direct Subsidized Loan, Direct Unsubsidized Loan, Subsidized Federal Stafford Loan, or Unsubsidized Federal Stafford Loan.

All in all, Stafford loans are the safest, most affordable student loans out there, but there are a few disadvantages: You must fill out FAFSA forms and demonstrate financial need to receive subsidized Stafford loans. Subsidized Stafford loans are not available to graduate students. Stafford Student Loans: Unsubsidized vs. Subsidized Loans - Debt.org Debt.org https://.debt.org › students › types-of-loans › stafford Debt.org https://.debt.org › students › types-of-loans › stafford

Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school.

Independent Students* Base Limit for Subsidized and/or UnsubsidizedAdditional Unsubsidized Freshman (0-24 earned credit hours) $3,500 $6,000 Sophomore (25-48 earned credit hours) $4,500 $6,000 Junior, Senior (49 or more earned credit hours) $5,500 $7,000 Federal Direct Stafford Loan Max Amounts - Saint Xavier University Saint Xavier University https://.sxu.edu › tuition-aid › financial-aid › options Saint Xavier University https://.sxu.edu › tuition-aid › financial-aid › options

All in all, Stafford loans are the safest, most affordable student loans out there, but there are a few disadvantages: You must fill out FAFSA forms and demonstrate financial need to receive subsidized Stafford loans. Subsidized Stafford loans are not available to graduate students.

A Stafford Loan and a Federal Direct Loan are not the same. If you are currently applying for a new loan and your school uses the term Stafford Loan, they are talking about a Federal Direct Loan. However, if you attended school before July 2010, you may have a Stafford Loan and are still required to pay those loans. What is a Stafford loan? | Consumer Financial Protection Bureau Consumer Financial Protection Bureau https://.consumerfinance.gov › ask-cfpb › what-is-a... Consumer Financial Protection Bureau https://.consumerfinance.gov › ask-cfpb › what-is-a...

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232