The interest rate on subsidized Stafford loans for undergraduate students that are first disbursed July 1, 2008–June 30, 2009 is 6%. For all subsidized Stafford loans for graduate and professional students, and for all unsubsidized Stafford loans for all students, the interest rate is fixed at 6.8%.

No disbursement fees for most borrowers

Repayment fees are 0%–3%

Disbursement fee is 4%–7%

No repayment fee 

No disbursement fee

Repayment fees are 0%–6.5%

Dependent

Freshman $5,500

Sophomore $6,500

Junior or senior $7,500

Independent

Freshman $9,500

Sophomore $10,500

Junior or senior $12,500

Graduate or Professional $20,500

For loans first disbursed on or after July 1, 2008.

Minimum: $1,000

Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received.*

Minimum: $1,500

Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received.*

No limit

Dependent
$31,000

Independent
$57,500

Pay both principal and interest immediately.

Pay only interest while student is enrolled at least half time.

Defer all payments (principal and interest) while student is enrolled at least half time.

Standard, graduated, and extended repayment options are available.

Pay only interest while you are in school (at least half time).

With the $10 deferred repayment option, defer payments for up to 12 months.