If you are interested in applying for and using
Stafford loans for your schooling, speak with your financial aid counselor today.
Not exact matches
Unfortunately, subsidized
Stafford loans are no longer available to those entering med
school, but they would be an option
for an undergraduate with medical aspirations later on.
Under the Teacher
Loan Forgiveness Program, if you teach full - time
for five complete and consecutive academic years in a low - income
school or educational service agency, and meet other qualifications, you may be eligible
for forgiveness of up to $ 17,500 on your Direct Subsidized and Unsubsidized
Loans and your Subsidized and Unsubsidized Federal
Stafford Loans.
New teachers who join high - need
schools may be eligible
for Stafford and Perkins student
loan deferment or forgiveness.
Teacher
Loan Forgiveness Under the Stafford Loan program, individuals who teach full time for five consecutive, complete academic years (following the residency training year) in high - needs schools (all AUSL schools qualify) may be eligible for loan forgiven
Loan Forgiveness Under the
Stafford Loan program, individuals who teach full time for five consecutive, complete academic years (following the residency training year) in high - needs schools (all AUSL schools qualify) may be eligible for loan forgiven
Loan program, individuals who teach full time
for five consecutive, complete academic years (following the residency training year) in high - needs
schools (all AUSL
schools qualify) may be eligible
for loan forgiven
loan forgiveness.
Grad students can still take out unsubsidized
Stafford loans,
for which interest accrues at a rate of 6.8 percent during
school.
The government generally covers the interest on a subsidized
Stafford loan until the student has been out of
school for 6 months.
Unsubsidized
Stafford loans accrue interest while you are in
school, but you don't have to begin making payments until the student has been out of
school for 6 months.
You must be attending
school at least half - time to be eligible
for a
Stafford Loan.
You must be enrolled
for minimum of half time at a
school that participates in Direct
Stafford Loan Program.
Under this Direct
Stafford Loan, students are responsible
for the interest that accrues on their
loans while in
school, during grace period and deferment or forbearance period.
For the 2012 - 2013
school year, the maximum amount that can be borrowed with a Federal
Stafford Loan is $ 20,500.
Under the Teacher
Loan Forgiveness Program (TLFP), Federal Stafford and Federal Direct loan borrowers who teach for five consecutive, complete years at an eligible school may qualify to have some of their loan balances forgi
Loan Forgiveness Program (TLFP), Federal
Stafford and Federal Direct
loan borrowers who teach for five consecutive, complete years at an eligible school may qualify to have some of their loan balances forgi
loan borrowers who teach
for five consecutive, complete years at an eligible
school may qualify to have some of their
loan balances forgi
loan balances forgiven.
Debt qualifying
for loan repayment awards consist of all educational debt financed through the Law
School Office of Student Financial Services (
Stafford, LAL, LSL, etc.).
Unsubsidized
loans, which accrue interest during the borrower's time enrolled in
school, are available
for graduate and professional students through the Direct
Stafford Loan program with the Department of Education.
To apply
for a
Stafford Loan, the applicant needs to be a United States citizen, must have a Social Security Number, and a high
school diploma or GED.
Interest will not accrue while you are in
school, and during the grace period
for subsidized
Stafford loans.
That student
loan, beginning about 6 months after you leave
school, will cost you about $ 555 / mo in monthly payments
for the next 10 years (if it's all
Stafford loans with a 50/50 split between sub / unsub; that could be as much as $ 600 / mo
for all - unsub
Stafford, or $ 700 or more
for private
loans).
Law
school students may also earn
Stafford Loan forgiveness if they work
for a non-profit agency or in a position of public interest such as public defender or prosecutor.
I worked as a state prosecutor in Florida
for 5 + years under the assumption that law
school loans would be forgiven under the public service provisions of the William
Stafford act.
Federal Subsidized
Stafford Loans Fixed interest rate of 3.86 % APR Awarded on the basis of student need, the government pays the interest that accrues on these loans while you are in school and during periods of deferment.Available to Undergraduate studentsFederal Unsubsidized Stafford Loans Fixed interest rate of 3.86 % APR for undergraduate students and 5.41 % for graduate or professional -LSB
Loans Fixed interest rate of 3.86 % APR Awarded on the basis of student need, the government pays the interest that accrues on these
loans while you are in school and during periods of deferment.Available to Undergraduate studentsFederal Unsubsidized Stafford Loans Fixed interest rate of 3.86 % APR for undergraduate students and 5.41 % for graduate or professional -LSB
loans while you are in
school and during periods of deferment.Available to Undergraduate studentsFederal Unsubsidized
Stafford Loans Fixed interest rate of 3.86 % APR for undergraduate students and 5.41 % for graduate or professional -LSB
Loans Fixed interest rate of 3.86 % APR
for undergraduate students and 5.41 %
for graduate or professional -LSB-...]
In order to be eligible
for either type of
Stafford loan, it is necessary to be enrolled at least half - time in a program that leads to either a degree or a certificate that is awarded by the
school.
Unsubsidized
Stafford Loans are available to undergraduate and graduate students regardless of financial need and the student is responsible
for paying the interest but can defer payments while in
school.
It is a federal student
loan forgiveness program, designed
for eligible teachers teaching in elementary and secondary
schools to forgive all or a portion of the outstanding principal and interest on federal
Stafford loans, or on consolidated
loans that hold federal
Stafford loans.
The table below shows the additional principal balance upon repayment
for a typical law student (i.e., one who borrows at least $ 8,500 from the
Stafford Loan program each year
for three years) due to the loss of the in -
school interest subsidy.
For borrowers who had a Federal
Stafford Loan prior to 2006, they need to check if the rate is fixed or variable since many were variable before the 2006 - 2007
school year.
As grade level is accounted
for when awarding a
Stafford loan, here is a list of maximum eligibility
for each year of
school, and lifetime eligibility.
If you teach at one of these
schools or at educational service agencies
for five consecutive years, you may be eligible
for up to $ 17,500 worth of complete forgiveness on Federal
Stafford Loans.
I began grad
school in the fall, luckily before the announcement that there would be no more
Stafford loans for it, and received notification that FedLoan was going to be my servicer.
Schools participate in one of the following programs to offer
Stafford Loans, PLUS loans for parents, PLUS loans for graduate and professional students, and consolidation l
Loans, PLUS
loans for parents, PLUS loans for graduate and professional students, and consolidation l
loans for parents, PLUS
loans for graduate and professional students, and consolidation l
loans for graduate and professional students, and consolidation
loansloans:
Subsidized
Stafford Loans are based on financial need, and the government pays
for accrued interest during
school attendance.
Subsidized
Stafford loans are based on financial need, with the students of families with lower incomes qualifying
for them, and they forego charging interest while the students are in
school,
for six months after they graduate and during approved periods when payments are deferred.
This means that if you take out a
Stafford or Perkins
loan and still come up short, the Parent PLUS
loan can bridge the gap
for you to be able to attend the
school of your choice.
Whether you are an adult student going back to
school or the parent of a student headed to college, the Free Application
for Federal Student Aid (FAFSA) form (used
for Stafford Loans, Perkins
Loans or Pell Grants), does not require you to report the value of your primary residence (if you own a home) or the value of your retirement accounts.
Under this program, if you teach full - time
for five complete and consecutive academic years in certain elementary and secondary
schools and educational service agencies that serve low - income families, and meet other qualifications, you may be eligible
for forgiveness of up to a combined total of $ 17,500 on your Direct Subsidized and Unsubsidized
Loans and your Subsidized and Unsubsidized Federal
Stafford Loans.
To qualify
for the REPAYE program, you must either have a Direct
Loan — meaning that it came directly from the U.S. Government under the Direct
Loan Program as opposed to Perkins
Loans (where the
school is the lender) or subsidized or unsubsidized
Stafford Loans.
Certain
loans, such as the subsidized
Stafford loan and the Perkins Loan have interest paid for by the government while the student is enrolled in sch
loan and the Perkins
Loan have interest paid for by the government while the student is enrolled in sch
Loan have interest paid
for by the government while the student is enrolled in
school.
Students with unsubsidized
Stafford loans that pay
for four years of
school may end up paying about $ 10,000 in addition to their
loan amount, due to the interest added.
To be considered a highly qualified teacher
for Stafford Loan Forgiveness
for Teachers, a public elementary or secondary
school teacher must:
Annual
loan limits
for Stafford Loans depend on a student's year in
school, but there is a lifetime cap of $ 23,000
for dependent undergraduates, $ 46,000
for independent undergraduates, and $ 138,500
for graduate or professional students.
If
Stafford loans do not cover the full cost of your graduate
school tuition, you may be eligible
for a PLUS
loan.
The same deferments apply
for Perkins
Loans as they do
for a
Stafford Loan, except Perkins
Loan deferment decisions can be made by either your
school or their third - party servicer.
People are looking to go back to
school and are searching
for information on subsidized versus unsubsidized
Stafford Loans.
(
Schools that participate in the Federal Direct Student
Loan Program (FDSLP) do not use a private lender for the Stafford and PLUS loans, since loan funds are provided by the US Governme
Loan Program (FDSLP) do not use a private lender
for the
Stafford and PLUS
loans, since
loan funds are provided by the US Governme
loan funds are provided by the US Government.)
If you have a
Stafford or Perkins
loan, some or all of your debt can be forgiven if you work in a designated
school (the government provides a directory of
schools that qualify) as a teacher
for five complete and consecutive years.
Educaid / First Union, New Brunswick • NJ 1996 - 2003 Regional
School Representative — Financial Aid Accountable
for originating Federal
Stafford, Parent PLUS, and Alternative
Loans.