Main Content

How to Apply

  • Complete and submit the FAFSA form
  • 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 6.52% for undergraduate students for the 2026-2027 year starting on July 1, 2026
  • Fixed 8.07% for graduate students for the 2026-2027 year starting on July 1, 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, beginning 2026-2027, 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

Loan Repayment

  • Repayment begins 6 months following termination of at least half-time enrollment