Stafford Loans

Loan Information - Federal Direct Stafford Loans

Lane participates in the Federal Direct Stafford Loan Program and offers student loans through the federal government. There are two programs in the Direct Loan Program, the Subsidized Loan and Unsubsidized Loan. When you accept an offered Federal Direct Stafford loan at Lane, you will borrow from the federal government and receive funds directly through Lane. It is important that you carefully consider your need to borrow since these loans must be repaid.

If you have been offered a Federal Direct Stafford Subsidized Loan, you must complete the following steps:

If you would like to be considered for the Federal Direct Stafford Unsubsidized Loan, you must submit a Unsubsidized Stafford Loan Request. If approved and offered, you must complete the following steps:

The Subsidized Loan

The Federal Direct Stafford Subsidized Loan is a need-based federal loan awarded to students who demonstrate financial need. The US Department of Education pays the interest. Beginning with the 2013/2014 academic year there is a limit on the maximum period of time a new student borrower can receive the Direct Subsidized Loan. For more information about the limitations, visit our forms page.   

  • While you are in school at least half-time
  • For the first six months after you leave school
  • During a period of deferment (a postponement of loan payments*)

If eligible for the Direct Subsidized Loan, Lane will notify you via the award letter of the maximum amount you may borrow for the academic year that you are applying for. The chart below summarizes annual loan limits for the Subsidized Loan Program.

For further information: visit Federal Direct Stafford Subsidized Loan

The Unsubsidized Loan

The Federal Direct Stafford Unsubsidized Loan is a non-need based federal loan that cannot exceed the Student Budget minus other financial aid. The loan is not automatically offered and addtional steps must be taken to be considered for this loan. Interest begins to accrue from the time the loan is disbursed until it is paid in full. Interest can be paid while enrolled (or during other periods of non-payment) or you may choose to allow interest to accrue. Allowing interest to accrue will increase the total amount you repay. The chart below summarizes annual loan limits for the Unsubsidized Loan Program.

For further information: visit Federal Direct Stafford Unsubsidized Loan

Maximum Annual Loan Limits at Lane for Subsidized and Unsubsidized Loans:

Credit Hours at LaneDependent UndergraduateIndependent Undergraduate
1st Year Student0-44 credits in your current program$5,500 - No more than $3,500 of this amount may be in subsidized loans$9,500 – No more than $3,500 of this amount may be in subsidized loans.
2nd Year Student45+ in your current program$6,500 - No more than $4,500 of this amount may be in subsidized loans$10,500 – No more than $4,500 of this amount may be in subsidized loans.

*Notes: For periods less than a full academic year (fall, winter, spring), or if other aid is received that is used to pay a portion of your cost of attendance, the amounts you can borrow may be less than those listed above.