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GRADUATE LOANS AVAILABLE: FEDERAL STAFFORD LOANS |
| The
Federal Stafford Loan is a long-term, fixed-rate loan that is awarded
by the Office of Financial Aid. The loan is funded by participating
banks, savings and loan associations, and credit unions and is guaranteed
by state or government agencies. Because the loan is guaranteed, it
is not based upon your credit history or income. All students are eligible to receive a Federal Stafford Loan. The amount you may receive for the academic year is based on your financial need and academic level and is determined by the SU Office of Financial Aid. |
| Subsidized
vs. Unsubsidized Stafford Loans Your Stafford Loan award may be Subsidized, Unsubsidized, or a combination of the two. |
| Subsidized
Loans are
awarded on the basis of financial need. They are interest-free while
you are enrolled at least half-time and during periods of authorized
deferments. The federal government subsidizes the interest during
these periods. Interest will be charged once you enter repayment.
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Unsubsidized
Loans are not awarded on the basis of need, but they do take
into consideration your cost of attendance and any other aid you
receive. You are charged interest from the time the loan is disbursed
until it is paid in full. You may choose to defer the interest during
enrollment and deferment periods, but it will be capitalized (added
to the principal amount). |
| Loan
Amounts You may receive less than the annual maximum loan amount if you receive other financial aid that is used to cover a portion of your cost of attendance. |
How
to Apply for a 2009-2010 Stafford Loan 1. File your 2009-2010 FAFSA at www.fafsa.ed.gov. 2. Proceed to your Financial Aid Portfolio on myslice.syr.edu. |
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© 2007 Syracuse University. All rights reserved. |