DENTALoans Stafford loan
Stafford loans are the first component in the DENTALoans product suite, allowing dental students to fund their entire dental education — from dental school through postgraduate training.
Eligibility
- You must attend a school that participates in the Federal Family Education Loan Program (FFELP).
- You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen.
- You must be enrolled at least half time or more in an eligible school. You must meet other eligibility criteria in the Federal Stafford loan Master Promissory Note.
- You must have submitted a FAFSA to be eligible for a Stafford loan.
Features
- Sallie Mae lenders offer borrower benefits on Stafford loans that can save you money in repayment.
- You can manage your account online 24/7 at www.ManageYourLoans.com.
- You get life-of-loan servicing from Sallie Mae.
- There is no prepayment penalty.
Save even more with Upromise Loan LinkSM! Student and parent borrowers who join Upromise® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae-serviced student loans. Visit www.salliemae.com/
upromise to learn more and enroll today.
Loan terms
Loan limits
- Annual: $20,5001
- Aggregate: $189,125
1 The unsubsidized Stafford loan limit is less any subsidized loan amount. (Annual subsidized limit: $8,500.) Limits may vary by school — see your financial aid officer.
Interest rate
The interest rate on subsidized Stafford loans for undergraduate students that are first disbursed July 1, 2008–June 30, 2009 is 6%. For all subsidized Stafford loans for graduate and professional students, and for all unsubsidized Stafford loans for all students, the interest rate is fixed at 6.8%. For Stafford loans first disbursed beginning July 1, 2006, the interest rate is fixed at 6.8%.
Repayment
- Repayment begins after a six-month grace period following graduation, leaving school, or changing to less then half-time status.
- Deferment and forbearance options are available for residency.
Legal
- You are responsible for the interest on your unsubsidized Stafford loan while you are in school, but you do not have to pay the interest during this time. Interest is capitalized once at repayment on Sallie Mae DENTALoans unsubsidized Stafford loans following uninterrupted periods of grace and deferment. (Not applicable to subsidized Stafford loans.)
- Sallie Mae DENTALoans is a service mark of Sallie Mae, Inc.
Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice. Other terms and conditions apply.