Federal Loans
Before You Borrow
-
Detailed information on the Stafford loan and Parent Loan for Undergraduate Students (PLUS) programs is available at the Federal Department of Education.
-
View the most recent and up-to-date interest rates on federal education loans.
-
View a list of lenders for Federal and private loans that have been used by UAS students in the past three years.
Review our estimates for your cost of attendance to determine if you will need to borrow a loan to meet your needs. Current Federal Stafford Loan Limits are as follows:
|
Credits Completed |
Dependent |
Independent |
| Freshman |
0-29 |
$3,500 |
$7,500 |
| Sophomore |
30-59 |
$4,500 |
$8,500 |
| Junior |
60-89 |
$5,500 |
$10,500 |
| Senior |
90+ |
$5,500 |
$10,500 |
| Graduate |
|
|
$20,500 |
See the Tools & Calculators to help you determine how much to borrow. Check your Eligibility for Financial Aid.
Loan Disbursements
- Stafford loan disbursement is made in at least two installments. No installment may exceed one-half of the loan. For loan periods over the entire academic year, half of the loan will be disbursed on or after the first day of the fall semester, and the remaining half will be disbursed on or after the first day of the spring semester. For loan periods over a single semester, the second half will be disbursed at the mid-point of the semester.
- For first year federal loan borrowers, the first disbursement will be made 30 days after the start of the first semester.
Just before you graduate
You will be required to take exit loan counseling.
After you Borrow
- Need help resolving loan disputes or problems? The OSFA Ombudsman helps borrowers having problems.
- To find out who services your student loans, and how to contact them, look at the National Student Loan Clearinghouse.
- To access your federal history, consult the National Student Loan Data System.
- Have you borrowed a Direct Loan in the past? You can look up your account status on this Department of Education site. For general questions about your loan, call 888-877-7658.
- Have you borrowed more than one loan? Loan consolidation may have some advantages for you. Please contact your lender, review the information available from various sources on our Tools and Calculators page, or check out the Federal government's Direct Loan Consolidation program. There's also some great information about when to consolidate on the Northwest Education Loan Association site.
- Are you, or will you be, a federal employee? The Federal Employee Student Loan Assistance Act permits federal agencies to repay Federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency. For more information, see the Office of Personnel Management site of the Federal Government's Human Resources Agency.
- Education majors are eligible to receive Loan forgiveness for math, and special education teachers.
