How to Apply

• Complete and submit the FAFSA form
• 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 6.52% for the 2026-2027 year starting on July 1, 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