Student Loan Funding has focused on delivering the resources that students and families need most to affordably fund a higher education. Now you can quickly apply online by selecting one of the loans suited to your needs.
Federal Family Education Loan Program: Loan Comparison Chart |
Loan Program |
Subsidized Stafford Loan |
Unsubsidized Stafford Loan |
Graduate PLUS Loan |
Perkins Loan |
Application Process |
- Complete Free Application for Federal Student Aid
- First-time borrowers, complete The Federal Stafford Loan MPN |
- Complete Free Application for Federal Student Aid
- First-time borrowers, complete The Federal Stafford Loan MPN |
Borrower |
Dependent or Independent Student |
Graduate Student |
Dependent or Independent Student |
Interest Rates |
6.8% fixed rate on loans issued beginning 7/1/2006.
For loans issued between 7/1/1998 and 7/1/2006, the interest rate is variable and resets every July 1. The in-school interest rate based on the 91 day T-bill + 1.7% and the repayment interest rate is based on the 91 day T-bill + 2.3%. The rate is capped to never exceed 8.25% |
8.5% fixed rate on loans issued beginning 7/1/2006.
For loans issued between 7/1/1998 and 7/1/2006, the interest rate is variable and resets every July 1 based on the 91 day T-bill + 3.1%.
The rate is capped to never exceed 9%. |
5% fixed rate |
Eligibility |
Based on Financial Need |
Not Based on Financial Need |
Based on Financial Need |
Annual Loan Maximum |
Year 1 - $2,625
Year 2 - $3,500
Year 3-5 - $5,500
Graduate & Professional - $8,500 |
Dependent Student
Same as Subsidized Stafford (less
any amount of Subsidized Federal
Loans received.)
Independent Student
Same as Subsidized Stafford plus
an additional amount:
Year 1 & 2 - $4,000
Year 3-5 - $5,000
Graduate & Professional - $10,000 |
Cost of Attendance Less Other Aid Received |
Based on Financial Need |
Lifetime Loan Maximum |
$23,000 undergraduate dependent maximum
$46,000 undergraduate independent maximum
$138,500 graduate maximum.
Combined subsidized and unsubsidized Stafford Federal Loan Programs |
Cost of Attendance Less Other Aid Received |
$3,000
Undergraduate Students
$5,000
for Graduate Students |
In-School Deferment |
Payments are automatically deferred during the in-school period. The student is not responsible for paying the interest that accrues during the in-school and grace periods |
Payments can be deferred during the in-school period. The student is responsible for paying the interest that accrues during the in-school and grace periods. Unpaid interest that accrues during these periods will be capitalized and added to the principal balance of the loan at the start of repayment. |
Payments can be deferred during the in-school period. The student is responsible for paying the interest that accrues during the in-school and grace periods. Unpaid interest that accrues during these periods will be capitalized and added to the principal balance of the loan at the start of repayment. |
Payments are automatically deferred during the in-school period. The student is not responsible for paying the interest that accrues during the in-school periods |
Grace Period |
6 months |
6 months |
No grace period |
9 months |
