Graduate students can borrow up to $20,500 a year in Stafford loans, and up to $138,500 total for their studies, including any Stafford loans taken out during college. Students in certain health fields have higher maximums, and can borrow up to $224,000 in total through the Stafford program.What is a Stafford Loan and how do you qualify?
Stafford Loans are the most common financial aid available to students entering college and nearly every applicant is eligible for either a subsidized or unsubsidized loan package. To qualify for a subsidized Stafford Loan student must meet the income requirements for need based aid .How long does it take to get approved for the Stafford Loan?
Your child should apply for a Stafford loan in the late spring or early summer before heading off to college because processing the loan can take four to six weeks.How many years can I get the Stafford Loan?
You may receive subsidized Stafford loans only up to 150% of the published length of your program. For example, students who are enrolled in a program designed to take four years may receive subsidized Stafford loans for a period of six years (150 percent of 4 years = six years). For more information, please visit the Federal Student Aid website.