Stafford Loan
Graduate Loans
Graduate Resources
Graduate School Search
Online Graduate Degrees
Graduate Credit Cards
What can you use a graduate Stafford loan for?
- Fixed interest rate - 6.8% or lower
- No payments while in school at least half-time
Stafford Loans can be used towards the total cost of education - tuition, room and board, books, and other education-related expenses. When you sign the master promissory note (MPN), you agree that you'll only use the loan for educational purposes at the college that certifies your loan.
Eligible educational expenses include:
- Tuition and fees
- Room and board
- Books, supplies, and equipment
- Transportation and commuting expenses
- Dependent childcare
- Other documented, authorized costs
Due to the way graduate Stafford loans are disbursed, you'll receive a check from your school's financial aid office for any remaining loan funds after school-authorized debts are paid (such as tuition and fees). Your financial aid office will generally not approve or certify any Stafford loan that would exceed the cost of attendance for your school, so if you need additional funding, be prepared to talk to your financial aid officer about modifying your student budget.
Apply Now for the Stafford Loan
Other Graduate Stafford loan questions
- What is the Graduate Stafford Loan interest rate?
- What can I use a Graduate Stafford Loan for?
- What are the deadlines for Graduate Stafford Loans?
- Why was my graduate Stafford loan less than I expected?
- Are there penalties for early payment, or if the loan is paid in full before scheduled payments begin?
- Do I have to apply for a graduate Stafford loan every year or does it renew?
- When will I receive my graduate Stafford loan?
- Can I use Graduate Stafford loans for online degrees?
- Can I get a Stafford Loan if I have bad credit?
