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Financial Aid

Stafford Loan Information

There are two different types of Stafford Loans, subsidized and unsubsidized.

  • Subsidized Stafford Loans are awarded based on financial need. You will not be charged interest before you begin repayment or during periods of deferment. The federal government "subsidizes" the interest during these times.
  • Unsubsidized Stafford Loans are not awarded based on financial need. Any eligible student can take out unsubsidized Stafford loans. You will be charged interest from the time the loan is disbursed, to the time the loan is repaid in full.

How much can I borrow with Stafford Loans at Bethel College?

 Dependent Undergraduate StudentIndependent Undergraduate Student*
Freshman $5,500 $9,500 - Max of $3,500 can be in subsidized loans
Sophomore $6,500 $10,500 - Max of $4,500 can be in subsidized loans
Juniors, Seniors, etc. $7,500 $12,500 - Max of $5,500 can be in subsidized loans
Graduate Students $9,000 combined subsidized and unsubsidized.  

The amount you can borrow is based on your grade level and your status as a student.  

*Independent students may be eligible to borrow more because they are paying for college without assistance from family.  It is important to note that even if a student is financing their education on their own, dependency status is still determined by the school.

You can learn more about the Stafford Loan program by visiting the Federal Student Aid on the Web.

U.S. Department of Education and Federal Student Aid logo (Start Here. Go Further.)