California Western -- Financial Aid Office - Federal Stafford Loan
Federal Stafford Loan Program

The Federal Stafford Loan Program contains two components:

The terms of the two loans are almost identical, except that the Subsidized Federal Stafford Loan does not accrue interest as long as the borrower maintains at least half-time attendance at an eligible institution, or during the six-month grace period after such enrollment ceases.

Subsidized Stafford Loans will no longer be available to graduate students for award periods that begin after July 1, 2012. Unsubsidized Stafford Loans will continue to be available to graduate students.


Loan Amount & Interest Rate Information

Loan Disbursement Information

The Federal Stafford Loan Application Process

Students wishing to receive Federal Stafford Loans must:

  1. Submit a FAFSA to establish eligibility for federal student aid.

  2. Students must also complete a CWSL Online Aid Application to specify that they wish to receive federal student loans.

  3. Once the financial aid office has assembled the student's aid package, and the student has accepted one or more loans, the loan certification will then be electronically transmitted to the Direct Loan Servicer, who will then send a Master Promissory Note to the student for completion if one is not already on file. Promissory notes may also be completed on the StudentLoans.gov website.

  4. Upon disbursement, the school will apply your loan proceeds directly to your student account.

First-time Stafford borrowers must complete entrance counseling at StudentLoans.gov prior to receiving funds.

Be sure to read your promissory note carefully, as it is your responsibility to understand the terms of the loans for which you are applying. Retain copies of all loan documents for your records.