Subsidized Federal Stafford Loan
E576117
A Subsidized Federal Stafford Loan is a need-based federal student loan for undergraduates where the government pays the interest while the borrower is in school at least half-time, during the grace period, and during authorized deferment.
Observed surface forms (4)
| Surface form | Occurrences |
|---|---|
| Direct Subsidized Loans | 1 |
| FFEL Subsidized Stafford Loans | 1 |
| Stafford Loan program | 1 |
| Stafford federal student loan program | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Title IV federal student aid program
ⓘ
federal student loan ⓘ subsidized loan ⓘ |
| awardBasis | financial need as determined by federal formula ⓘ |
| awardedBy | college or university financial aid office ⓘ |
| beneficiary | undergraduate students with financial need ⓘ |
| borrowerType | student borrower ⓘ |
| cosignerRequirement | no cosigner generally required ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creditCheckRequired | no standard credit check required ⓘ |
| defermentOptions |
economic hardship deferment
ⓘ
in-school deferment ⓘ unemployment deferment ⓘ |
| disbursement |
excess funds may be refunded to student
ⓘ
sent to school to pay tuition and fees first ⓘ |
| eligibility |
must be U.S. citizen or eligible noncitizen
ⓘ
must be enrolled at least half-time ⓘ must be enrolled in an eligible degree or certificate program ⓘ must demonstrate financial need ⓘ must have a high school diploma or equivalent ⓘ must have a valid Social Security number ⓘ must maintain satisfactory academic progress ⓘ must not be in default on a federal student loan ⓘ must not owe an overpayment on federal student aid ⓘ undergraduate students only ⓘ |
| ffelProgramStatus | FFEL Program ended for new loans in 2010 ⓘ |
| forgivenessEligibility |
may qualify for Public Service Loan Forgiveness if other criteria met
ⓘ
may qualify for income-driven repayment forgiveness if other criteria met ⓘ |
| fundingSource | William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| gracePeriodLength | six months ⓘ |
| interestAccrual |
interest begins accruing to borrower after grace period if not in deferment
ⓘ
no interest charged to borrower during in-school, grace, and deferment periods ⓘ |
| interestCoveragePeriod |
during authorized deferment periods
ⓘ
during six-month grace period after leaving school ⓘ while borrower is enrolled at least half-time ⓘ |
| interestPaidBy | U.S. federal government NERFINISHED ⓘ |
| interestRateType | fixed interest rate for each academic year cohort ⓘ |
| loanLimitType |
aggregate loan limits
ⓘ
annual loan limits ⓘ |
| previousProgramName | Federal Family Education Loan (FFEL) Program Stafford Loan NERFINISHED ⓘ |
| providedBy | U.S. Department of Education NERFINISHED ⓘ |
| regulatedBy | Higher Education Act of 1965 NERFINISHED ⓘ |
| repaymentPlanOptions |
Extended Repayment Plan
ⓘ
Graduated Repayment Plan NERFINISHED ⓘ Standard Repayment Plan ⓘ income-driven repayment plans ⓘ |
| repaymentStart | after six-month grace period following less-than-half-time enrollment, graduation, or withdrawal ⓘ |
| requires | completion of the Free Application for Federal Student Aid (FAFSA) ⓘ |
| subsidyType | interest subsidy ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Direct Subsidized Loans
this entity surface form:
FFEL Subsidized Stafford Loans
this entity surface form:
Stafford Loan program
this entity surface form:
Stafford federal student loan program