Do I have to complete a financial aid application before applying for an Unsubsidized Federal Stafford Loan?
A26. Yes. Even though eligibility for the Unsubsidized Federal Stafford loan is not based on financial need, the financial aid administrator must first determine your eligibility for other financial aid, such as the Subsidized Federal Stafford Loan, before certifying an unsubsidized loan. You may be eligible for grant and scholarship aid or a Subsidized Federal Stafford loan, so it is important to be considered for these other programs before applying for an Unsubsidized Federal Stafford loan.
Related Questions
- Do I have to complete Entrance (debt management) counseling for my Federal Direct Subsidized/Unsubsidized Stafford Loan?
- Do I have to complete a financial aid application before applying for an Unsubsidized Federal Stafford Loan?
- What is the difference between Federal Subsidized Stafford Loan and Federal Unsubsidized Stafford Loan?