Federal Direct Stafford Loan: How to Apply for a Stafford Loan
Federal Direct Stafford Loan
Campbellsville University participates in the Department of Education’s Federal Direct Loan Program. Prior to receiving a Federal Direct Stafford Loan, students must complete the Free Application for Federal Student Aid (FAFSA), be a United States citizen or eligible non-citizen, not be defaulted with any Department of Education loan, and be enrolled in school at least half-time. Federal Direct Stafford loans have a fixed interest rate currently of 5.28%. Repayment of the loan will begin six months after the student graduates or drops below half-time enrollment.
Borrowers are required to complete Loan Entrance Counseling and a Master Promissory Note before the loan can be disbursed. Students can learn more about these processes by clicking here.