Stafford Loans

Interest Rates

The interest rate for 2014-2015 undergraduate Federal Direct Stafford Loans is 4.66% (subsidized and unsubsidized). Graduate Stafford Loan interest rate is set for 6.21% for 2014-2015 academic  year. There is a 1.072% origination fee deducted from each Stafford loan disbursement. If the Stafford loan was originated on or after October 1, 2014, the origination fee is 1.073%.

Annual Loan Totals

Dependent Undergraduate Students

The subsidized annual amounts listed below may be changed all or in part to an unsubsidized Stafford loan depending on the student's financial need as determined each year by the FAFSA form. Annual limits are based on the number of credits earned towards the student's degree. 



  • First Year: $3,500 subsidized, $2,000 unsubsidized

  • Second Year: $4,500 subsidized, $2,000 unsubsidized

  • Third through Fifth Year: $5,500 subsidized, $2,000 unsubsidized

Independent Undergraduate Students


The subsidized amounts listed below are awarded based on financial need. If the student does not have financial need, this amount will be replaced with an unsubsidized loan. 



  • First Year: $3,500 subsidized, $6,000 unsubsidized

  • Second Year: $4,500 subsidized, $6,000 unsubsidized

  • Third through Fifth Year: $5,500 subsidized, $7,000 unsubsidized



Graduate Students

The annual maximum is $20,500. Beginning July 1, 2012 graduate students are only eligible for unsubsidized Stafford Loans.

Aggregate Loan Totals

Dependent Undergraduate Students

$31,000 of which $23,000 can be subsidized



Independent Undergraduate Students

$57,500 of which $23,000 can be subsidized



Graduate Students
$138,500 of which $65,500 can be subsidized