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Federal Unsubsidized Stafford Loans

These federally guaranteed loans are administered and processed by the United States Department of Education through the Direct Lending Program. The interest rate is fixed at 6.8% and will not change throughout the life of the loan.

A student must file a Free Application for Federal Student Aid (FAFSA) and a VCOM Financial Aid Application to be considered for a Stafford loan

Award of this loan is not need-based. Interest begins accruing on the federal Unsubsidized Stafford Loan on the date of disbursement and continues to accrue even while a student is enrolled in school and during other periods of deferment or forbearance.

The maximum annual Unsubsidized Stafford Loan amount available to medical students is $47,167.

A credit check is not required for approval of Stafford Loans.

NOTE:  The total maximum aggregate principal debt a medical student can have from all federal Stafford Loans is $224,000.