The Federal Direct Stafford Loan is awarded on the basis of financial need to qualified students. Interest will not be charged before they begin repayment or during deferment periods. The federal government “subsidizes” the interest during these periods. In most cases, it is in the student’s best interest to accept all or part of this loan before accepting an Unsubsidized Stafford Loan or Parent PLUS if the family intends to borrow money to attend college.
Loan Repayment Calculator provided by FinAid.org
| Application necessary |
FAFSA (Free Application for Federal Student Aid) |
| Notification of eligibility provided by |
UO Financial Aid Award Letter |
| Notification is a continuous process beginning in April to students that have applied for admission to the UO. |
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| Three term maximum |
Freshman (0-44 credits)
|
$3,500 |
Sophomore (45-89 credits)
|
$4,500 |
Junior/Senior (90 + credits)
|
$5,500 |
Post-Baccalaureate
|
$5,500 |
Graduate and Law*
|
$8,500 |
*Two semesters
|
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| Interest rate |
Fixed at 6.0% |
| Origination fee per disbursement |
2.0% |
| Interest capitalizes while enrolled at least half time |
No |
| Grace period for repayment after leaving school |
Six months |
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| Entrance Counseling required |
Yes |
| Master Promissory Note required |
Yes |
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| Undergraduate aggregate maximum |
$23,000 |
| Undergraduate and graduate aggregate maximum |
$65,500 |
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Undergraduate, Graduate or Law students expecting to meet one of the following conditions should obtain information about the following bulleted topics:
- Enrolling less than half-time
(6 credits undergraduates, 5 credits graduate & law)
- Leaving college
- Graduating
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