Undergraduate Stafford Loans

Federal Direct Stafford Loans are offered through the Federal Government and are available to all Students that complete a Free Application for Federal Student Aid (FAFSA).

Direct Subsidized Loans

Eligibility is based upon financial need.
This loan will not accrue interest while the student is in at least 6 credit hours, through grace period (six months starts once the student stops attending at least 6 credit hours) and while in deferment.
Limits vary with class standing.
Fixed interest rate of 3.73% (Disbursed on or After July 1, 2021 and Before July 1 2022).
No credit check

Direct Unsubsidized Loans

All students are eligible for Unsubsidized Stafford loans.
This loan accrues interest starting at the disbursement of the loan.
Interest may be paid during or after the grace period is over, as well as while the student is currently enrolled.
Fixed interest rate of 3.73% (Disbursed on or After July 1, 2021 and Before July 1 2022).
No credit check

How to Apply

By completing the Free Application for Federal Student Aid (FAFSA) your initial application is already complete. Your school will award you the amounts that you qualify for. You will then need to accept the amount you wish to borrow through your goPFW portal. Once you have accepted the loan, you will need to complete Loan Entrance Counseling and the Federal Direct Stafford Loan Master Promissory Note at studentaid.gov.

Transfer students that have completed the Master Promissory Note do not need to complete another one. However, they will need to complete Entrance Counseling again.

Students who are new borrowers on or after July 1, 2013, the period to which a student is eligible to borrow subsidized loans will be limited to 150% of the length that is published for their institution (i.e. a program that requires 120 credit hours, listed as a 4 year degree will be allotted 6 years of eligibility.)

At anytime students can access their aggregate loan history at studentaid.gov.

Near the end of the students' field of study, they will be prompted to complete Exit Counseling. This will counsel them on all of the repayment options available and educate the student about the cost.

Loan Limits for Dependent Students

Class Level	Base Amount (May be subsidized and/or unsubsidized)	Additional Unsubsidized	Annual Loan Limit
Freshmen (0-29 credits):	$3500	$2000	$5500
Sophomores (30-59 credits):	$4500	$2000	$6500
Juniors & Seniors (60+ credits):	$5500	$2000	$7500

Dependent students may borrow a maximum lifetime limit of $31,000. A limit of $23,000 is set for the subsidized portion.

Loan Limits for Independent Students

Class Level	Base Amount (May be subsidized and/or unsubsidized)	Additional Unsubsidized	Annual Loan Limit
Freshmen (0-29 credits):	$3,500	$6,000	$9,500
Sophomores (30-59 credits):	$4,500	$6,000	$10,500
Juniors & Seniors (60+ credits):	$5,500	$7,000	$12,500

Independent students may borrow a maximum lifetime limit of $57,500. A limit of $23,000 is set for the subsidized portion.

Terms and Conditions

The standard repayment on Stafford loans is a 10-year repayment period that starts six months after graduation. Explore your repayment option with the repayment calculator.
There is a net origination fee of 1.057%.