Federal Direct Stafford Loan Information
Please note that subsidized Stafford Loans are no longer available to graduate students as of July 1, 2012.
Most students want to avoid substantial loan debt. For unmet need, however, degree-seeking students are eligible to borrow from the Federal Direct Stafford Loan Program. Students must be enrolled in at least 6 credit hours in the fall or spring in order to be eligible for student loans.
Federal Direct Stafford Loans must be repaid. An Unsubsidized Direct Stafford Loan is a federally guaranteed loan that is not based on financial need. Interest will accrue from the time the loan is disbursed to the school. You do not have to make interest or principal payments until six months after graduation, or six months after you drop below a half time status.
Unsubsidized Loan Benefits
Students who are interested in student loans must complete a Free Application for Federal Student Aid (FAFSA). Eligible applicants must be a U.S. Citizen (or eligible non-citizen), maintain satisfactory academic progress according to school policy, and be a degree-seeking candidate. Students should complete the FAFSA online at www.fafsa.ed.gov.
Saint Paul School of Theology's Title IV Code is G02509.
Questions about student loans?