Stafford Loan Requirements

The Stafford Loan is a federal student loan that offers a low interest rate and favorable repayment terms to students that are pursuing their undergraduate degree from a Title IV post-secondary institution. 

Students must meet the below Stafford Loan Requirements in order to be eligible to receive a Stafford Loan:

1)  Students must be a US citizen or eligible non-citizen

Pursing an undergraduate degree from a Title IV school

Enrolled at least half-time in a degree or certification program

High School graduate or have an equivalency diploma

Is not in default on any existing federal student loan

Students that meet the above requirements must complete the Stafford Loan application, also known as the FAFSA (Free Application For Federal Student Aid).  The FAFSA is completely free to submit and must be completed and submitted to the Direct Loan Program before a student can become eligible to receive a Stafford Loan.
Students can submit the FAFSA either online or through regular mail.  Most students choose to submit their application online, since they are able to receive instant confirmation that the application was received and they are able to check their application status online at any time.  Students that submit their application through regular mail should request for a return receipt, so they have confirmation that the application was received.
Students interested in a Stafford Loan must attend a Title IV school in order to receive such a loan.  Title IV schools meet the requirements and regulations held by the federal government for quality higher education.  Students that do not attend a Title IV school are not eligible to receive any form of federal student aid, which will make it much more difficult to receive an education from such a school.

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