Arcadia University 2019-20 Undergraduate Student
Stafford Loan
Request Form

* Required Fields
Date: 12/13/2019
* First Name:   * Last Name:
* Social Security #:
   

Federal Direct Stafford Loans are processed directly through Arcadia University and the U.S. Department of Education.

 

In addition to submitting this form, first-time Federal Direct Stafford Loan borrowers at Arcadia must do the following to receive a Federal Direct Stafford Loan:

  • Complete a Federal Direct Stafford Loan Master Promissory Note (MPN) at www.studentLoans.gov. (Click on “Complete MPN.”) You must have an FSA ID to do so.
  • Complete Direct Loan Entrance Counseling at https://studentLoans.gov (Click on “Complete Counseling.”)

Only students enrolled in a degree program, taking at least six credits or more per semester (or a total of six credits over all summer sessions combined) can apply for a Federal Direct Stafford Loan. If you drop below half-time status, depending upon the point in the semester at which this occurs, a portion or all of your loan funds may need to be returned.

Your eligibility for the loan is based on the period of the loan, the educational costs for this period, and the anticipated financial resources you will receive during the period of the loan.

Federal Direct Stafford Loans for undergraduates have a variable-fixed interest rate. The interest rate is reset each July 1 based on the 10-year Treasury Bill rate, plus a small margin and there is an origination fee withheld. Vist arcadia.edu/InterestRates for current rate information.

(Note: If you owe a balance for a prior term and are using a portion of this loan to cover that balance, you must complete a Title IV [Federal] Authorization Form for Students on arcadia.edu/onestop, Student Forms.)

The maximum annual loan amounts you may request are as follows. Refer to your award letter if you are unsure which amount to indicate.

 

Dependent Undergraduates Base Amount Unsubsidized Stafford Total
Freshman (0-26 credits) $3,500 $2,000 $5,500
Sophomore (27-56 credits) $4,500 $2,000 $6,500
Junior (57-86 credits) $5,500 $2,000 $7,500
Senior (87+ credits) $5,500 $2,000 $7,500
       

Independent Undergraduates Base
Amount
Unsubsidized Stafford ** Total
Freshman (0-26 credits) $3,500 $2,000 $5,500
Sophomore (27-56 credits) $4,500 $2,000 $6,500
Junior (57-86 credits) $5,500 $2,000 $7,500
Senior (87+ credits) $5,500 $2,000 $7,500

* Base amount may be subsidized or unsubsidized depending upon financial need as determined by the FAFSA.

** Dependent undergraduate students whose parent(s) are denied on the Federal PLUS Loan due to adverse credit can receive this amount in Unsubsidized Stafford Loans.

* Amount Requested:
* Loan Term Requested:






 

    
 
OFFICE OF FINANCIAL AID
ARCADIA UNIVERSITY • 450 S. EASTON ROAD • GLENSIDE, PA 19038-3295
(215) 572-2980 • FAX: (215) 572-4049 • finaid@arcadia.edu • TITLE IV Code: 003235