Subsidized Stafford Loan for Graduates

Stafford Loan Benefits
  • Fixed interest rate - 4.66%
  • No payments while in school at least half-time

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The subsidized Federal Stafford Loan is no longer available to graduate and professional school students. As of July 1, 2012, graduate students are only eligible for the unsubsidized Federal Stafford loan.

Undergraduate students remain eligible for new subsidized Federal Stafford loans.

There is, however, one type of subsidized Federal student loan that is available to graduate and professional school students, the Federal Perkins Loan. Federal Perkins loans are awarded by the college from a revolving loan fund. There have been no new federal capital contributions to the revolving loan fund since fiscal year 2009, so the amount of money may be limited. Also, each college sets its own policies for awarding Federal Perkins loans, with some colleges prioritizing the funding for undergraduate students with the greatest financial need first.

In 2011-2012, almost 2 percent of graduate and professional school students received Federal Perkins loans, about 18 percent of total Federal Perkins loan funding. The average Federal Perkins loan borrowed by a graduate or professional school student was $2,747.

Am I eligible for a subsidized Federal Stafford Loan?

As of July 1, 2012, graduate and professional school students are no longer eligible for subsidized Federal Stafford loans.