Federal Stafford Loans

A Federal Stafford Loan is a low interest rate loan for students that can be used to help pay for your college education. 

Subsidized Vs. Unsubsidized

There are two types of federal Stafford loans: subsidized and unsubsidized.


All graduate Stafford loans issued with a first disbursement date on or after July 1st, 2012 will be unsubsidized. If you were issued a federal subsidized Stafford loan prior to July 1st, 2012 you will continue to retain your interest subsidy during qualified periods of deferment. You are responsible for paying the interest on federal unsubsidized Stafford loans while you are in school. If you do not make the interest payments, the interest will be added to your principal balance through a process called capitalization.

Interest Rates

Unsubsidized Stafford loans for graduate students first disbursed on or after July 1, 2017 will have a fixed interest rate of 6 percent.

Borrowing Limits

The annual borrowing limit is determined by your degree status grade level and your dependency status (based upon information you supplied on your FAFSA). In addition to annual loan limits, there are also lifetime Stafford loan borrowing limits, also known as the aggregate limit.

Annual limits for loans disbursed on or after July 1, 2008

Graduate Annual Limits (Unsubsidized) Total: $20,500

In addition to the annual borrowing limits, there is also an aggregate, or cumulative, lifetime borrowing limit.

Graduate Aggregate Limits (Unsubsidized) Total: $138,500


Repayment on the principal begins six months after graduation, leaving school, or dropping below half-time status. There are multiple repayment plans ranging from 10 years to 30 years.

Federal Stafford Loan Entrance and Exit Counseling

New federal Stafford Loan recipients are required to complete entrance counseling. New federal Stafford Loan borrowers are notified and typically complete entrance counseling online as they sign the Master Promissory Note (MPN).

Exit counseling is required for all students who have received a federal Stafford Loan or Graduate PLUS loan and who are expected to graduate or will not be attending Rollins at least half-time. An exit interview is your opportunity to review the amount of your loans and your rights and responsibilities in repaying these loans.

Federal Stafford Borrower's Rights and Responsibilities

Remember that the MPN certifies your loans for the maximum amount you are eligible to borrow. Because you may accrue debt with each year of your education, you should be certain that you need the full amount of your education loan each year. You can decline or reduce your loan amount each year.

You are required to repay education loans, even if you do not finish your academic program or your academic program does not meet your expectations.

You are responsible for notifying your school and lender if you have received student loans from more than one lender.

You must use money received from education loans for education-related expenses only.

You must notify your lender in writing of:

  • Name or address changes
  • Failure to enroll at Rollins
  • Failure to enroll on at least a half-time basis or for the loan period certified
  • Withdrawal from school or reduction of attendance to less than half time
  • Transfer from one school to another
  • Graduation

If you meet the eligibility requirements, you have a right to repayment deferments, which suspend principal loan payments for specified periods of time.

Office of Financial Aid

Mailing Address

1000 Holt Ave. – 2721
Winter Park, FL 32789

Physical Location

Rinker Building
View on Campus Map

T. 407.646.2395
F. 407.646.2173


8:30 a.m. – 5 p.m.