S&T determines how much student aid you are eligible to receive
Eligibility
S&T determines how much students are eligible to receive based on cost of attendance and up to federal annual aggregate limits.
You must be enrolled at least half-time at S&T
Interest Rates
Fixed 6.39% for undergraduate students for the 2025-2026 year starting on July 1, 2025
Fixed 7.94% for graduate students for the 2025-2026 year starting on July 1, 2025
Interest rates for 2026-2027 are expected to be released early summer 2026
While not required to make payments while still enrolled, interest will begin to accrue as soon as it is disbursed.
Borrowing Amount
The annual loan limit is $2,000 - $12,500 for undergraduate students and $20,500 for graduate students
The dependent undergraduate aggregate limit, including subsidized loans, is $31,000
The independent undergraduate aggregate limit, including subsidized loans, is $57,500
The graduate aggregate limit, including all federal loans received for undergraduate study, is $138,500
New Graduate borrowers in 2026-27 will have a graduate aggregate limit of $100,000 (does not include amounts borrowed as an undergraduate student). (See upcoming 2026-27 federal loan changes.)
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
Repayment begins 6 months following termination of at least half-time enrollment