Federal Student Loans
Youngstown State University awards student loans after eligibility for grants, scholarships, and Federal Work-Study (FWS) is considered. Student loans must be repaid and a Free Application for Federal Student Aid (FAFSA) is required for all Federal loan programs.
Federal Loan Resources
Federal Stafford Loan Information
Federal Stafford Loans are federally backed student loans. Half-time enrollment is a requirement to secure Stafford funding. Repayment of Federal Stafford loans begins six months after graduation or when enrollment drops below half-time. Stafford Loans are classified as either Subsidized or Unsubsidized. For current interest rates on Stafford Loans click here.A subsidized loan is awarded based on financial need. Student borrowers are not required to pay the interest that accrues while enrolled in school. The federal government pays the interest for subsidized loans for students that are enrolled at least half-time.
An unsubsidized loan is not awarded based on financial need. Student borrowers are charged interest while in school. The borrower may choose to have the interest payment deferred while in school. If the borrower selects to defer interest payments while in school, at repayment, the amount owed will be increased by the interest that has accrued. If the borrower chooses to pay the interest while in school, the borrower will need to contact their lender to set up payment arrangements.
| Loan Limits | Dependent Undergraduates |
Independent Undergraduates |
Graduate Students |
| 1st year (Freshman) |
$5,500 max $3,500 of this amount may be subsidized loans |
$9,500 max $3,500 of this amount may be subsidized loans |
$20,500 Max $8,500 of this amount may be in subsidized loans |
| 2nd year (Sophomore) |
$6,500 max $4,500 of this amount may be subsidized loans |
$10,500 max $4,500 of this amount may be subsidized loans |
|
| 3rd & 4th year (Junior and Senior) |
$7,500 max $5,500 of this amount may be subsidized loans |
$12,500 max $5,500 of this amount may be subsidized loans |
|
| Aggregate Loan Limits for life of student's education | $31,000 Max $23,000 of this amount may be in subsidized loans |
$57,500 Max $23,000 of this amount may be in subsidized loans |
$138,500 Max $65,500 of this amount may be in subsidized loans. The graduate debt limit includes Stafford Loans received for undergraduate study. |
Eligible students must maintain satisfactory academic progress and cannot be in default on any Title IV aid. For more information on Federal Stafford Loans from the Department of Education click here.
Federal Perkins Loan Information
A Federal Perkins Loan is a low-interest (5%) educational loan available to undergraduate and graduate students with financial need. Federal Perkins Loan eligibility is based on financial need and is determined by the result of the Federal Student Aid Application (FAFSA). Students must indicate on the FAFSA that they are interested in student loans to be considered for Perkins and must also attend school at least half-time. Repayment and interest charges are deferred for nine months after the student graduates or drops below half-time enrollment. Complete the FAFSA by February 15, as funds are limited.Federal Parent PLUS Loan
Visit our PLUS web page for Parent PLUS application and information.Federal Grad PLUS Loan Information
Grad PLUS Loans are federal loans that graduate and professional students with good credit history may borrow to help pay educational expenses. Half-time enrollment is a requirement.For more information on Federal Grad PLUS loan from the Department of Education click here.
To complete a Grad PLUS application click here.