Federal Subsidized Stafford Loan
(formerly Guaranteed Student Loan): This need-based program enables
students to borrow from a local lending institution, such as a bank
or credit union. The loan is insured by the federal government, and
the federal government pays the interest while the borrower is
enrolled in school at least half-time, during a grace period, and
during authorized periods of deferment. Interest will begin to
accrue from the beginning of the repayment period. All students
that accept the Federal Subsidized Stafford Loan must complete an
online entrance interview and Master Promissory Note (MPN) after
June 1. Visit KHEAA to complete the forms.
Federal Unsubsidized Stafford
Loan: This is a non-need-based Stafford Loan. The student is
responsible for the interest during in-school and deferment
periods. All students that accept the Unsubsidized Stafford
Loan must complete an online entrance interview and Master
Promissory Note (MPN) after June 1. Visit KHEAA to complete the forms.
If you're a graduate or professional degree student, each year
you can borrow up to $20,500. No more than $8,500 of this amount
may be in subsidized loans.
When you graduate with a graduate or professional degree, the
maximum total debt allowed from Stafford Loans is $138,500. No more
than $65,500 of this amount may be in subsidized loans. This
maximum total graduate debt limit includes Stafford Loans received
for undergraduate study. Because you can't borrow more than your
cost of attendance, you may receive less than the annual maximum
Feel free to contact the Office of Student Financial Services at (270)
384-8022 if you have questions.