Stafford Loans

Federal Stafford loans are made available to students at a relatively low fixed interest rate by the U.S. Department of Education, to cover educational costs including tuition, books, fees, housing, food, living expenses and transportation.

Graduate students can be eligible to borrow up to $20,500 per year through the Stafford Loan Program, including both need-based (Subsidized) and non-need-based (Unsubsidized) loans. Interest is not charged on Subsidized loans until you finish studying or drop below 6 credits per semester, whereas it is charged on Unsubsidized loans throughout.
You must begin repaying your federal Stafford loans when you finish studying or drop below 6 credits per semester.
Based on information from your LTS Financial Aid Application Form and FAFSA, LTS determines your borrowing eligibility each year using standard federal procedures.
Click here to learn more about Federal Stafford Loans.