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Subsidized Stafford Loans
This is a need based loan program that provides low
interest loans to students who are attending Schreiner
at least half-time. If you are eligible for a Stafford
Subsidized loan, the federal government pays the
interest on the loan while you are enrolled in school at
least half-time (6+ credit hours per semester). Annual
loan limits are:
$3,500 – First Year Students
(0-29 credit hours completed & accepted by Registrar)
$4,500 – Second Year Students (30-59 credit hours completed
& accepted by Registrar)
$5,500 – Third & Fourth Year Students (+60 credit hours
completed & accepted by Registrar)
$8,500 – Graduate & Professional Students
Stafford Unsubsidized Loan for Dependent Students
This is non-need based program that provides
low-interest loans to students who are attending Schreiner
at least half-time. This loan is available to dependent
students who do not demonstrate financial need. The student
is responsible for the interest that accrues on the Stafford
Unsubsidized loan during in-school and deferment periods.
Loan limits have been increased to $2000 per academic year –
in addition to year specific loan limits.
PLEASE NOTE: ADDITIONAL
UNSUBSIDIZED LOAN MONEY MAY BE AVAILABLE TO DEPENDENT
STUDENTS IF THE PARENT HAS APPLIED FOR AND BEEN DENIED A
PARENT PLUS LOAN.
Stafford Unsubsidized Student Loan for Independent
Students
This loan is available to independent undergraduate and
graduate students.
The annual loan limits are:
$4,000 -- First & Second Year Undergraduates
$5,000 -- Third & Fourth Year Undergraduates
$7,000 -- Students with undergraduate degrees who are
enrolled in courses that will prepare them to enter a
graduate program, as well as students enrolled in
coursework for professional certification or employment
as a teacher.
$12,000 -- Graduate students
Apply for a Stafford Loan:
View the Stafford, Plus and Alternative Lender List
Guidelines @
http://www.selectyourlender.com/schreiner
Step 1. Complete a FAFSA at:
http://www.fafsa.ed.gov
Step 2.
Review your award letter from the Office of Financial
Aid. Determine your cost using the award letter insert.
Once you’ve determined how much of the offered loan you
need to pay your expenses, continue to step 3.
Step 3. Accept and Complete Your Stafford Student
Loan Application at:
https://lbw.tgslc.org/LBW/start.do
The subsidized and unsubsidized Stafford loan interest
rates are at a fixed rate of 6.8% as of July1, 2006.
Repayment of principal and interest begins six months
after the student ceases the course of study or six
months after the borrower ceases at least half-time
enrollment. The borrower will be assessed a small
guarantee fee. Maximum subsidized loan debt is $23,000
for undergraduates and $65,500 for graduate or
professional study.
LOANS BY
WEB INSTRUCTION SHEET»»
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