Federal Student Loan Programs for
Graduate and Professional Students
Subsidized Stafford Student Loan Program (formerly G.S.L.)
In order to qualify for this program, you must demonstrate financial
need; be enrolled or accepted for enrollment on at least a half-time
basis; and be a citizen or permanent resident of the United States
. You will be required to show satisfactory academic progress.
Through this program you may borrow up to $8,500 per academic year
from a bank, a savings and loan association, or other lenders who
participate in the program. The loan will have a fixed interest rate of 6.8%. Repayment begins six months after you
graduate or drop below half-time status.
Unsubsidized Stafford Student Loan Program
Under the Unsubsidized Stafford Student Loan Program, you do not
have to demonstrate financial need to borrow funds. You will need
to be enrolled or accepted for enrollment on at least a half-time
basis, and be a citizen or permanent resident of the United States
.
The interest for this loan is NOT subsidized by the federal government
while you are in attendance. Consequently, you will have to make
interest payments or allow the bank to capitalize the interest accrued
during the period of enrollment.
You may borrow up to $18,500 minus any approved Subsidized Stafford
amount. The loan will have a fixed interest rate of 6.8%.
Please Note: You must apply for loans. Receipt
of a financial award letter indicating eligibility for a loan does
not constitute application. Further information and applications
for loans are available from the Office of Financial Aid. You can
reach the Office at finaid@mail.barry.edu
or by calling (305) 899-3673 or 1-800-695-2279.
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