{"id":6655,"date":"2019-10-14T12:30:33","date_gmt":"2019-10-14T16:30:33","guid":{"rendered":"https:/financial-aid/wp-json/wp/v2/pages/6655///financial-aid/wp-json/wp/v2/pages/6655//www.ucf.edu/financial-aid/wp-json/wp/v2/pages/6655//financial-aid/financial-aid/wp-json/wp/v2/pages/6655//?page_id=6655"},"modified":"2026-03-06T09:19:52","modified_gmt":"2026-03-06T14:19:52","slug":"stafford","status":"publish","type":"page","link":"https:/financial-aid/wp-json/wp/v2/pages/6655///financial-aid/wp-json/wp/v2/pages/6655//www.ucf.edu/financial-aid/wp-json/wp/v2/pages/6655//financial-aid/financial-aid/wp-json/wp/v2/pages/6655//types/financial-aid/wp-json/wp/v2/pages/6655//loans/financial-aid/wp-json/wp/v2/pages/6655//stafford/financial-aid/wp-json/wp/v2/pages/6655//","title":{"rendered":"Federal Direct Stafford Loan"},"content":{"rendered":"
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The Federal Stafford Loan is a non-credit based student loan for undergraduate and graduate students. There are two basic types of Stafford loans: subsidized and unsubsidized. Both have a 6 month grace period (a period of time when a student is no longer enrolled for at least half-time and not required to make payments) and fixed interest rates, which are determined each year on July 1st. For interest rates, please refer to the Federal Student Aid Interest Rates website and the Loan Comparison Chart./financial-aid/wp-json/wp/v2/pages/6655/n

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Types of Stafford Loans/financial-aid/wp-json/wp/v2/pages/6655/n

Subsidized Loans/financial-aid/wp-json/wp/v2/pages/6655/n

Government pays the interest on behalf of the student while the student is in the deferment period and grace period. Once in repayment, the student is responsible for paying the interest on the loan as well as the principal amount borrowed./financial-aid/wp-json/wp/v2/pages/6655/n

The student/financial-aid/wp-json/wp/v2/pages/6655/u2019s cost of attendance must exceed his/financial-aid/wp-json/wp/v2/pages/6655//her Student Aid Index (SAI) to be eligible for /financial-aid/wp-json/wp/v2/pages/6655/u201cneed-based/financial-aid/wp-json/wp/v2/pages/6655/u201d aid (such as grants, scholarships and subsidized loans)./financial-aid/wp-json/wp/v2/pages/6655/n

The SAI is based on information collected from the Free Application for Federal Student Aid (FAFSA). The total amount of the subsidized loan combined with other /financial-aid/wp-json/wp/v2/pages/6655/u201cneed-based/financial-aid/wp-json/wp/v2/pages/6655/u201d aid cannot exceed the student/financial-aid/wp-json/wp/v2/pages/6655/u2019s /financial-aid/wp-json/wp/v2/pages/6655/u201cfinancial need./financial-aid/wp-json/wp/v2/pages/6655/u201d/financial-aid/wp-json/wp/v2/pages/6655/n

Subsidized loans are available only to undergraduate students./financial-aid/wp-json/wp/v2/pages/6655/n

Unsubsidized Loans/financial-aid/wp-json/wp/v2/pages/6655/n

Government does not pay the interest on behalf of the student. Instead, the borrower is responsible for all the interest that accrues and capitalizes from the time the loan disburses./financial-aid/wp-json/wp/v2/pages/6655/n

Independent students may be eligible for greater unsubsidized amounts than dependent students./financial-aid/wp-json/wp/v2/pages/6655/n

Though it is non-need based aid, the amount of unsubsidized loan combined with other aid cannot exceed the total estimated cost of attendance./financial-aid/wp-json/wp/v2/pages/6655/n/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/n/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/n/financial-aid/wp-json/wp/v2/pages/6655/n

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Stafford Loan Eligibility Criteria/financial-aid/wp-json/wp/v2/pages/6655/n/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/t/financial-aid/wp-json/wp/v2/pages/6655/t
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Students Must:/financial-aid/wp-json/wp/v2/pages/6655/n