Federal Programs

  1. Federal Direct Stafford Student Loan

    Important note for the 2012-13 academic year: Graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans beginning with loans for periods of enrollment on or after July 1, 2012. The annual Stafford loan limit for graduate and professional students remains unchanged.

  2. Federal Unsubsidized Stafford Student Loan

    Same terms and conditions as Stafford loans, except that the borrower is responsible for interest that accrues during deferment periods (including in-school) and during the six-month grace period. Graduate students may borrow $20,500 per academic year. In most instances, the lending institution will electronically forward the funds to the student’s UMHB account.