Federal Direct Stafford Loans
Graduate students who have been fully matriculated into the University and enrolled at least half-time, may be eligible to receive a federal Direct Unsubsidized Stafford Loan. This program is administered by the Office of Student Financial Assistance and each loan applicant is required to file a Free Application for Federal Student Aid (FAFSA) form with the U.S. Department of Education. Once a FAFSA form is processed and the information has been received by the University, the Office of Student Financial Assistance can assist the student in applying for a loan application. We suggest visiting http://www.sacredheart.edu/admissions/financialassistance/graduatestudents for additional information. Full-time graduate students may borrow a maximum of $20,500 per year from the Stafford program. Payment begins six months after graduation, withdrawal, or change to less than half-time status. The student has 10 years to repay the loan.