FEDERAL SUBSIDIZED STAFFORD
Trinity University participates in the Federal Family Education Loan (FFEL) Program to provide Stafford loans for students, which requires submission of the FAFSA. If you are eligible for a subsidized loan, the government will pay the interest while you are enrolled in school and for the first six months after you are no longer enrolled at least half-time. For 2009-2010, the fixed interest rate for the Subsidized Stafford loan is 6.8% for graduate students. A 0.5% origination fee and a 1% default fee may be deducted from the loan proceeds.

Repayment of the loan begins six months after the student graduates or is no longer enrolled at least half-time. A student has up to ten years to repay and may defer payment of principal and interest while enrolled in graduate or professional school.

Renewal eligibility for Stafford loan funds is based on completion of the FAFSA, demonstrated need, and satisfactory academic progress.

Depending on your financial need as determined by your FAFSA results, you may borrow subsidized funds for an amount up to the annual graduate loan limit.

For detailed information on how to apply for a Subsidized Stafford loan, click here.

Description/Requirements:

• FAFSA application required
• Fixed interest rate: 6.8%
• Online application process
• Must demonstrate financial need
• Graduate amount (including Healthcare Administration Students), $8,500 annual maximum (provisional annual maximum=$5,500)

Repayment/GPA Information:

• Repayment begins 6 months after graduation or less than half-time enrollment
• 10-year repayment period
• No interest while borrower is enrolled at least half–time
• Continued eligibility requires satisfactory academic progress

FEDERAL UNSUBSIDIZED STAFFORD
Trinity University participates in the Federal Family Education Loan (FFEL) program to provide Stafford loans for students. Completion of the Free Application for Federal Student Aid (FAFSA) is required to borrow through the Stafford loan program.

The Federal Unsubsidized Stafford loan is available to students who do not demonstrate need for all or a portion of the subsidized Stafford loan. The term “unsubsidized” simply means that interest on the loan is not paid by the federal government while the student is in school. Interest on an unsubsidized loan accrues and must be either paid or “capitalized” (added to the original loan amount) from the time the loan is taken out.

Students may borrow unsubsidized loan funds for an amount up to the annual graduate loan borrowing limit. The interest rate for an unsubsidized Stafford Loan is currently fixed at 6.8%. A 0.5% origination fee and a 1% default fee may be deducted from the loan proceeds.

For detailed instructions on how to apply for a Federal Unsubsidized Stafford loan, click here.

Description/Requirements:

• FAFSA application required
• Fixed interest rate: 6.8%
• Online application process
• Graduate amount, $12,000 annual maximum (provisional annual maximum=$5,000)
• Healthcare Administration Students, $32,000

Repayment/GPA Information:

• Repayment begins 6 months after graduation or less than half-time enrollment
• 10-year repayment period
• Government does not pay interest while borrower is enrolled
• Continued eligibility requires satisfactory academic progress