Returning Bluffton University Stafford/PLUS borrowers need to click here
Stafford loans are student loans that are guaranteed or backed by the federal government. There are two types of Stafford loans, subsidized and unsubsidized.
Subsidized Stafford loans are awarded to students based on need. The federal government will pay the interest on this loan while the student is enrolled at least half-time, during the grace period, and during any authorized deferment periods.
Unsubsidized Stafford loans are not based on need, and the interest begins to accrue on this loan as soon as the funds are disbursed. A student can arrange to make interest only payments or allow the interest to accrue while in school, during the grace period, and during any authorized deferment periods.
Repayment of Stafford loans begins six months after the student graduates, withdraws, or drops below half-time enrollment status. Subsidized Stafford loans disbursed between July 1, 2008, and June 30, 2009, will have a fixed interest rate of 6.0%. Unsubsidized Stafford loans disbursed after July 1, 2008, will have a fixed interest rate of 6.8%.
The student must file the Free Application for Federal Student Aid (FAFSA) and list Bluffton University (FAFSA school code:003016).
For detailed instructions on the Stafford Loan application process please view our Stafford step-by-step Loan Guide.
It is recommended that all loan applications be completed by the end of June and no later than mid-August, in order for funds to be available at the beginning of fall semester.
If you have questions, contact the financial aid office at Bluffton University:
by phone 419-358-3266 or
by email: loans@bluffton.edu
