Federal Stafford Loans are low-interest loans backed by the Federal Government. For students who must borrow to supplement personal and family savings, Stafford Loans have a fixed 6.53% interest rate for the 2024-2025 academic year.
There are two types of Stafford Loans: subsidized and unsubsidized.
Subsidized loans are preferable because the government pays all the interest while you are enrolled in school at least half-time and for a six-month grace period after students graduate or discontinue.
Unsubsidized loans begin accruing interest 60 days after disbursement. Students may choose to make monthly payments on unsubsidized loans while they are in school.
Be a U.S. citizen, permanent resident, or other eligible non-citizen.
Have a high school diploma or its recognized equivalent.
Be admitted to BYU–Hawaii as a regular student in a degree-seeking undergraduate program, teacher certification, or required re-certification, or taking prerequisite courses for admission to a graduate degree-seeking program (for a current or future enrollment during the academic year).
Please note, Stafford Loans by default are disbursed to a student's account over three (3) semesters. Students may be asked to provide proof of citizenship.
BYU–Hawaii does not award in a semester/year once the semester/year is over. Please contact Financial Aid & Scholarships for any further questions.