2011-12
Compendium

STAFFORD LOANS

    FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP)

    The purpose of the FFELP Stafford Loan (Subsidized and Unsubsidized) is
    to provide low-interest educational loans that enable a student to pay
    the cost of attendance at a public or private, non-profit college or
    university.  All Stafford loans are processed through the Federal
    Student Loan Program.  Student must:
	Be a U.S. citizen or an eligible non-citizen,
	Have completed a FAFSA and be eligible to receive federal financial aid, 
	Be enrolled in college courses at least half-time, and
    Meet your institution's Satisfactory Academic Progress Requirements.

    Student must not owe a refund (also called an "overpayment") on any
    federal grant program or be in default or delinquent on a previously
    obtained federal student loan.

    An origination fee of .05% is deducted from the proceeds of each loan
    disbursement.  There are no guarantee or insurance premium fees.

    For Stafford Loan repayment schedule and other information, contact the
    Financial Aid Officer at your college or university or the Loan
    Services department of the Federal Student Loan Program.
    In Austin:  512-427-6340 Outside of Austin:  800-242-3062