Federal Stafford Loans have an interest rate of 5.6% 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.
If you are a continuing borrower and want to borrow using your same lender, click here.
To apply for a Stafford loan or to select a different lender, click here. Required when applying for a Stafford Loan:
- 2009-2010 FAFSA form, apply on-line at www.fafsa.ed.gov
- The FAFSA form by itself is NOT an application for a Federal loan. See above to make application with a lender.
- 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.