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Guaranteed Student Loan (Stafford Loan)

The lending institutions provide the necessary funds. The federal government guarantees the loan and pays for the interest while the participant studies or enjoys a grace period before starting payments and during postponement periods. It is applied for through the University, which sends it to a commercial bank for approval and payment of the amount for which the student qualifies. The student cannot be under academic probation and has to be enrolled as a part-time student with at least six academic credits.

Eligibility: Amount: Renewable: Deadline: Funding: Application:
Need-based First year* $3,500
Second Year* $4,500
Third & Fourth Year* $5,500
Yearly.
Must apply every year
June 15th
for the upcoming
academic year
is recommended
Lending Agencies FAFSA (online)
*These classifications depend on how many credits the student has approved applied to his concentration and not the actual amount of calendar years studying.