The Subsidized Federal Stafford Loan (no interest payment required) is designed to provide students the opportunity to participate in paying for college. It is available to students who are determined eligible on the basis of financial need.

• Students who demonstrate financial need based on the FAFSA will qualify for the Federally Subsidized Stafford Student Loan. Students without remaining financial need will either need to make interest payments while enrolled or capitalize interest payments (i.e. add interest to the principal balance).
• Repayment of the Stafford Loan begins 6 months after the student leaves the University or is no longer enrolled at least half time.
• The student has up to 10 years to repay.
• Interest rates are adjusted each year on July 1. The interest rate is fixed and will not exceed 8.25%. The interest rate is currently fixed at 6.8%.
• Disbursement will be made either through the issuance of check or electronic fund transfer (EFT).
• The loan check is made payable to both the student and the school and will be forwarded to the school in two equal disbursements.
• First time borrowers are required to complete an Entrance Loan Counseling interview before funds are credited to student's account. An entrance interview may be completed online at www.aessuccess.org.
• A guarantee fee and/or an origination fee may be charged on each loan.
• The maximum loan amount per year is:
  $3,500 for freshmen
  $4,500 for sophomores
  $5,500 for juniors and seniors
  $8,500 for graduate students
• Funds to be delivered via EFT will be directly deposited into the student's billing account.
• Students interested in loan assistance for the summer term must contact the Office of Financial Assistance.