Financial Aid Information - Types of Aid

Federal Stafford Loans for Undergraduates (Subsidized and unsubsidized)

IMPORTANT NOTE -- Before you can receive a Stafford Loan you must complete a 10-15 minute loan entrance counseling session online, as required by Florida State University.

Stafford Entrance Counseling

Lender Listing (Graduate and Undergraduate)
If you plan to accept a Federal Stafford Loan as part of your financial aid offer, you will also need to select a lender. You may use any lender that participates in the Federal Family Education Loan Program (FFELP). The lender link below represents lenders that have committed to working with FSU students to provide quality service and offer incentives to reduce your repayment costs if you meet the criteria specified.

Lender's List

Federal Subsidized Stafford Loans
Federal Subsidized Stafford Loans are awarded on the basis of financial need as established by the FAFSA application. The federal government pays the interest (subsidizes the loan) during periods of enrollment and authorized deferment.

• The interest rate in repayment varies annually and equals the 91-day Treasury bill rate plus 3.1% with a maximum annual rate of 8.25%.
• There is a grace period of 6 months after graduation or dropping below half-time attendance before repayment of the principal of the loan begins.
• Loan amounts are awarded based on the class level and cannot exceed the established student budget for the school, including other aid (see the table below for class level eligibility).

Federal Unsubsidized Stafford Loan
An Unsubsidized Loan is not based on financial need. The student borrower of the unsubsidized loan is responsible for the interest from the time the loan is disbursed until it is paid in full. Borrowers may choose to pay the interest as it accrues while enrolled or may defer the interest and allow it to accumulate. If interest is allowed to accumulate it will be capitalized - that is, the interest will get added to the principal amount of the loan and will increase the amount to be repaid. If interest is paid as it accumulates, repayment overtime will be less.

• The interest rate during in-school, grace, and deferment periods varies annually and equals the 91-day Treasury bill rate plus 2.5% with a maximum rate of 8.25%.
• The interest rate in repayment varies annually and equals the 91-day Treasury bill rate plus 3.1% with a maximum annual rate of 8.25%.
• There is a grace period of 6 months after graduation or dropping below half-time attendance before repayment of the principal of the loan begins.

Bridge Students Annual Limits

Cumulative Total for Bridge Students

• Subsidized Federal Stafford loans - $23,000 (independent and dependent students)
• Independent students may be eligible for an additional $23,000 in unsubsidized loans (total aggregate for Independent students is $46,000 with no more than $23,000 in subsidized Stafford)

Cumulative Total for All Stafford Loans
(including amounts received at the undergraduate study level)
A total of 46,000