Federal Stafford Loan

Federal Stafford loans are the most common source of college loan funds. Stafford loans are fixed-rate, low interest loans available to undergraduate students attending Florida College at least half time.

Two Types of Stafford Loans

Subsidized Stafford loans are need-based. If your financial need is great enough and you qualify for this special type of Stafford loan the government will pay the interest on your loan while you are in school, during a six-month grace period immediately preceding repayment, and during authorized deferment.

Unsubsidized Stafford loans are not need-based. You are responsible for all of the interest, even while you are in school. Any student who meets the eligibility requirements below can apply.

Which type of Stafford loan you qualify for is determined by the results of your Free Application for Federal Student Aid (FAFSA).

Eligibility

• You must have submitted a FAFSA.
• You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen.
• You must be enrolled or plan to enroll at Florida College at least half time.
• You must be accepted for enrollment at Florida College.
• You must not be in default on any education loan or owe a refund on an education grant.
• For subsidized Stafford loans, your financial need must also meet certain guidelines. Your FAFSA results will determine whether or not you are eligible for the subsidized version of the Stafford loan.