Financial

Eligibility for Federal Stafford Loans is determined by the Office of Student Financial Services based on the information from the Free Application for Federal Student Aid (FAFSA).  Once the University has informed the student of the amount and type of eligibility, the student must apply for the loan by choosing a participating lender.

Preferred Lenders

Date Loan Made Fixed Subsidized Interest Rate Fixed Unsubsidized Interest Rate
Undergraduate Graduate          Undergraduate and Graduate
 7/1/08 - 6/30/09  6.00%  6.80%  6.80%
 7/1/09 - 6/30/10  5.60%  6.80%  6.80%
 7/1/10 - 6/30/11  4.50%  6.80%  6.80%
 7/1/11 - 6/30/12  3.40%  6.80%  6.80%
 7/1/12 +  6.80%  6.80%  6.80%




Subsidized Stafford Loan

For the student with demonstrated financial need, the federal government pays the interest on the subsidized loan while the borrower is enrolled at least half-time and for six months after enrollment stops. At the end of the six-month period, the borrower becomes responsible for the loan interest and repayment.

Unsubsidized Stafford Loan

While unsubsidized loans are offered to students with no financial need at the same interest rates as those loans in the subsidized program, the student borrower with an unsubsidized loan is responsible for the interest at all times. Borrowers can choose to pay the interest while they are enrolled or have it added to the loan principal. Delaying the interest payment by adding to principal, however, will increase the cost of the loan. Repayment of the principal begins six months after the student is no longer enrolled.

Additional Unsubsidized Stafford Loan

If you're a graduate student, an independent undergraduate student (as defined by federal regulations) or a dependent undergraduate student whose parents have applied for but were unable to get a PLUS loan (a parent loan), you may be eligible for the Additional Unsubsidized Stafford Loan.

Federal Stafford Loan Limits for the 2009-10 Academic Year

These amounts are the maximum students can borrow yearly in both subsidized and unsubsidized Federal Stafford Loans, individually or in combination. Because students can't borrow more than the cost of attendance minus the amount of any other financial aid, the amount of loan eligibility may be less than the annual maximum amounts.

Undergraduate Students

 

Annual Sub/Unsub

 Annual Additional Unsub

Annual Additional Unsub (independent or Plus denial)

First Year

$3,500

$2000

$6,000

Second Year

$4,500

$2000

$6,000

Third Year

$5,500

$2000

$7,000
Fourth Year

$5,500

$2000

$7,000
Preparatory Graduate

$5,500

$2000

$7,000

Teacher Certification

$6,500

TBA

 

 

Graduate Students

Annual Sub/Unsub

$8,500

Annual Additional Unsub

$12,000

Lifetime Aggregate Maximum Loan Amounts

 

Dependent Undergraduate

$31,000 (23,000 max sub)

Independent Undergraduate

$57,500 ($23,000 max sub)

Graduate

$65,500

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Queens University of Charlotte
1900 Selwyn Ave.
Charlotte, NC 28274
Phone: 704 337-2200
Fax: 704 337-2403
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