The Federal Stafford Loan is just a non-credit based education loan for undergraduate and students that are graduate.


The Federal Stafford Loan is just a non-credit based education loan for undergraduate and students that are graduate.

There are two main fundamental forms of Stafford loans: unsubsidized and subsidized. Both have 6 thirty days elegance duration (some time whenever a pupil isn’t any longer enrolled for at half-time that is least rather than needed to make re payments) and fixed interest levels, that are determined every year on July first. To look at the interest that is current, please look at the Loan Comparison Chart in the Loan Program web site. Please see the differences when considering the Subsidized and loans that are unsubsidized. </p>

Subsidized Loans

Federal Government pays the attention on behalf of the learning student as the pupil is in the deferment duration and elegance duration.

When in payment, the pupil is in charge of spending the attention on the loan in addition to the key amount lent.

The student’s price of attendance must go beyond his/her Expected Family Contribution (EFC) to qualify for “need-based” help (such as for example funds, scholarships and subsidized loans).

The EFC is dependant on information gathered through the complimentary Application for Federal scholar help (FAFSA). The amount of the subsidized loan along with other “need-based” aid cannot exceed the student’s “financial need. ”

Subsidized loans can be obtained only to undergraduate pupils.

Federal Direct Subsidized Loan Time Limitation

Pupils that are considered brand brand brand new borrowers or time that is first on or after July 1, 2013, are restricted into the period of time they could be eligible for interest subsidy. As soon as these pupils have actually exceeded 150 per cent associated with the posted duration of their present level system, they’ll be:

  • Ineligible to borrow more Federal Direct Subsidized Loans
  • Entitled to borrow more Federal Direct Unsubsidized Loans so long as the Total Aggregate Limit has not been met
  • In charge of any interest that accrues regarding the Federal Direct Subsidized loans after surpassing the 150% restriction.

New borrowers are students that have no outstanding federal education loan principal balances at that time they submit an application for a brand new federal loan on or after July 1, 2013.

For further details, here please click.

Unsubsidized Loans

Federal Government will not spend the attention with respect to the student.

Rather, the debtor accounts for all of the interest that accrues and capitalizes through the right time the loan disburses.

Separate pupils might be qualified to receive greater amounts that are unsubsidized reliant pupils. See our web web page on Borrowing Limits.

Though it really is non-need based help, the actual quantity of the unsubsidized loan along with other aid cannot exceed the total estimated price of attendance

Stafford Loan Eligibility Criteria:

Pupils Should:

  • File the FAFSA.
  • Be described as a U.S. Citizen or qualified non-citizen.
  • Have highschool diploma or equivalent.
  • Be completely admitted and meet UCF Admission needs.
  • Be categorized as level looking for at UCF in a qualified system.
  • Enroll for at minimum half-time at UCF in UCF classes at period of disbursement. To learn more half-time that is regarding be sure to view our Program Eligibility Chart.
  • Preserve UCF’s Guidelines for Satisfactory Academic Progress (SAP).
  • Complete all required To Do List Items.
  • Complete verification (if chosen).
  • If in receipt of a Federal Stafford Direct Loan in this scholastic 12 months at another institution, ensure that the remaining of the loan is canceled before you apply for a financial loan at UCF

Pupil Cannot:

  • Standard on any loan that is educational owe repayment on a federal grant as of this or just about any other organization.
  • Borrow more than federal loan limitations

Borrowing Limitations

The total blended quantities students may borrow in subsidized and unsubsidized Stafford loans might not meet or exceed the yearly loan restrictions or aggregate limitations, that are specified in federal regulations. Please view our Borrowing Limits web site to get more information.

Just how to submit an application for the Federal Stafford Loan

File the complimentary Application for Federal scholar help (FAFSA) for the aid year that is current. ( We suggest which you file by the concern due date of December 1st. )

After UCF gets the total link between the FAFSA through the Federal Processor, we’ll immediately provide the optimum Federal Direct Stafford Subsidized and Unsubsidized Loan centered on your eligibility.

Accept, reduce, or decline your provided loan(s) for every single term individually regarding the myUCF View Financial Aid display by clicking the “Accept/Decline prizes” button and showing your selection.

Fall loans should be accepted by September fifteenth, in order to avoid termination associated with offer.

Spring loans must be accepted by March 22nd, in order to avoid termination associated with offer.

Loan Adjustment and Reinstatement

The online Loan Adjustment Request type can be obtained through the kinds web page in the beginning of each semester up to the adjustment/reinstatement deadline. You may submit an online Loan Adjustment Request Form by the following deadlines if you would like your loan eligibility reviewed for either an increase or reinstatement:

2019-2020 12 Months

Loan Period Adjustment / Reinstatement Deadline Award Year
Autumn 2018 11/15/19 2019-2020
Spring 2019 4/03/20 2019-2020

Finish the online Master Promissory Note should this be your very first time borrowing a Federal Direct loan.

Finish the on line Entrance Counseling should this be very first time borrowing a loan that is direct any school.

Transfer Students

If perhaps you were awarded a Federal Stafford Direct Loan with this year that is academic another institution, make sure the rest of the loan is canceled at your past college before using for a loan at UCF.

Getting financial aid disbursements from another organization in the same educational 12 months might have a direct impact in your staying help eligibility at UCF.

Disbursement of Loan

For information regarding loan disbursements, please go to our Disbursement of Financial help website.


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