Subsidized Federal Stafford Loan as of July 1, 2022

This program is a low fixed interest rate (4.99%), long-term loan program for undergraduate students who have demonstrated financial need. The maximum a student may currently borrow is $3,500 for the first academic year of study, $4,500 for the second academic year, and $5,500 for subsequent years. Repayment is required to begin six (6) months after the students completes or terminates their education or become less than a half- time student. The program is not available for graduate and professional students.