Loyola University Chicago

Financial Aid Office

Federal Stafford Loans

The Federal Direct Stafford Loan program is available to all students. If financial need is demonstrated, the government will pay the interest on a student’s subsidized loan. Students who do not demonstrate financial need will be responsible for interest from the day the unsubsidized loan is disbursed.

Both the subsidized and unsubsidized loans are eligible for payment deferment while the student is enrolled at least half-time. Students borrowing Federal Direct Stafford Loans have the same terms and conditions and interest rates as loans borrowed under the FFEL Program and will be offered loan fee rebates, more repayment plan choices and additional loan forgiveness options

Maximum Federal Stafford Loan amounts

 Federal Stafford LoanAdditional Unsubsidized Loans for
Independent Students
0-29 hours
$3,500 + $2,000 Unsubsidized $4,000
30-59 hours
$4,500 + $2,000 Unsubsidized $4,000
60-89 hours
$5,500 + $2,000 Unsubsidized $5,000
90+ hours
$5,500 + $2,000 Unsubsidized $5,000
Professional Students
- $20,500
(all are eligible)

Interest rates for Federal Stafford loans first disbursed between July 1, 2015 and June 30, 2016

  • Undergraduate Subsidized = 4.29%
  • Undergraduate Unsubsidized = 4.29%
  • Parent Plus 6.84%
  • Graduate/Law/SSOM unsubisidized= 5.84%
  • PLUS= 6.84%

Lifetime aggregate limits

Subsidized Federal Stafford Loan $23,000 $23,000 $65,500

Total Federal Stafford Loan

$31,000 $57,500 $138,500

For additional information and requirements, see our Loan Specifics page.

For more information about your loan options, please contact the Financial Aid Office at 773.508.7704 or lufinaid@luc.edu.