Federal Loans

Federal Direct Stafford Loan: Stafford Loans are either subsidized or unsubsidized. A subsidized loan is awarded on the basis of financial need as determined by the analysis of the Free Application for Federal Student Aid (FAFSA). Interest is not charged until the borrower enters repayment or during authorized periods of deferment. Eligibility for an unsubsidized loan is not related to financial need. Interest on unsubsidized loans is charged from the time the loan is disbursed until it is paid in full (the borrower may elect to accumulate and capitalize the interest while in school). A student may be eligible to receive both a subsidized and an unsubsidized loan for the same enrollment period. Students interested in obtaining a Stafford loan should contact the Financial Aid Office on the Juneau campus for information on eligibility requirements, interest rates, deducted fees, and payback requirements.

Entrance Counseling and the completion of a Master Promissory Note are required for all Federal loan recipients. Students may fulfill these requirements by accessing studentloans.gov. Graduate level students qualify only for the Unsubsidized Stafford Loan.

Federal PLUS Loans (loans for parents or graduate students): PLUS loans enable parents with good credit history to borrow funds to pay the educational expenses of each child who is a dependent undergraduate student enrolled at least half time. Graduate students may also borrow from this loan program to help fund their education. Applications and additional information are available at studentloans.gov.