Federal Stafford Loans for Undergraduate Students

Federal Stafford Loans have an interest rate of 6.0% for subsidized loans, and 6.8% for unsubsidized loans. Repayment on the Federal Stafford Loans begins six months after the student graduates or leaves college.

If you are an undergraduate applying for Financial Aid, the Federal Stafford Loans you are eligible to borrow will appear on Banner Web.

Maximum Undergraduate Level Stafford Loan Eligibility

    First Year     $3,500

    Sophomore  $4,500

    Junior          $5,500

    Senior          $5,500

    All undergraduates are eligible to borrow an 
    additional $2,000 unsubsidized loan.

Maximum Graduate Level Federal Stafford Loan Eligibility

    Subsidized    $8,500

    Unsubsidized $12,000

To view our Suggested Lender List, click here.

Required when applying for a Stafford Loan:

• 2008-2009 FAFSA form, apply on-line at www.fafsa.ed.gov
• A Consortium Agreement if the student will be studying abroad at a Non-Middlebury program.

If you are borrowing a Stafford Loan for the first time, you must also complete Entrance Counseling.