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Federal Direct Stafford Subsidized Loan –
graduate and professional students
A federal low-interest student loan awarded on the basis of financial need to U.S. undergraduate, graduate and professional students.
For the 2012-2013 school year, this loan will only be available to graduate students who are enrolled prior to July 1, 2012. This loan will be unavailable to graduate students after 2012-2013.
How to Apply
Applying for the first time? Complete steps 1-3 before the academic year begins to receive credit on your fall semester bill. Applications are accepted throughout the academic year.
Reapplying? Complete step 1 before the academic year begins to receive credit on your fall semester bill. Applications are accepted throughout the academic year.
Deadlines. The date for priority consideration is the April 1st which precedes your enrollment date. MIT will continue to accept applications throughout the academic year.
Students planning to finish their program in the summer term need to have completed and submitted their financial aid application by August 1st. Students who plan to graduate in February must have submitted a complete financial aid application by December 1st. Students planning to be here in the spring term must have completed their financial aid application by May 1st. If you miss the deadline, your loan eligibility will be limited to non-Federal loans.
- Step 1 – Complete MIT’s financial aid application process. For US Citizens, please complete the FAFSA and the Graduate Loan Application.
- Step 2 – After you receive your financial aid award, sign an online Federal Direct Loan Master Promissory Note (have your FAFSA PIN available).
- Step 3 – Complete online loan entrance counseling on WebSIS.
About This Loan
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Loan exit counseling
If you borrowed a Federal Direct Stafford Loan, Federal Perkins Loan or Federal Direct Graduate PLUS Loan, you are required by federal law and MIT policy complete an exit interview online before graduation. If you borrowed an MIT Technology Loan, contact your loan counselor to schedule an exit interview. Required reading: the SFS loan exit counseling guide.
Loan entrance counseling
Online counseling via WebSIS is required for all first-time borrowers of Federal Direct Loans, Federal Perkins Loans and MIT Technology Loans.
Campus Partners
Campus Partners handles billing and payment for Federal Perkins Loans and MIT Technology Loans.
Direct Loan Servicing Ctr.
The DLSC handles billing and payment for Federal Direct Loans and Graduate PLUS Loans.
Loan payment calculator
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These two printable charts can help you compare loans available to undergraduates and their families, and loans available to graduate students.
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