S&T determines how much student aid you are eligible to receive
Eligibility
Undergraduate students with financial need (as determined by the FAFSA)
You must be enrolled at least half-time at S&T
Interest Rates
Fixed 6.39% for the 2025-2026 year starting on July 1, 2025
Interest rates for 2026-2027 are expected to be released early summer 2026
No interest accrues during school
Borrowing Amount
The annual loan limit is $3,500 - $5,500
The aggregate loan limit is $23,000
All federal loans have origination fees which are taken out of the loan when it disburses
Loan Proration
Beginning with the 2026-2027 academic year, Federal Direct Loans are required to be prorated for students enrolled less than full-time. (See upcoming 2026-27 federal loan changes.)
Loan Repayment
The federal government pays the interest while you are enrolled in school
Repayment begins 6 months following termination of at least half-time enrollment