Federal Stafford Loans

This loan comes in two varieties: subsidized and unsubsidized. With a subsidized Stafford loan, the government pays all interest on your loan while you are enrolled in school at least half-time. In addition, you won't be required to start making interest or principal payments until six months after you graduate or withdraw from school. To qualify, you must demonstrate financial need.

With an unsubsidized Stafford loan, you have the option to defer payment of that interest while you are in school. However, you will be responsible to pay all interest that accrues on your loan. Once you are out of school, you are obligated to repay the loan and interest according to Federal Stafford Loan repayment provisions.

Fees

Origination Fee - Up to 1%
Default Fee - Up to 1% (may be paid by guarantors)
Late Fees - A fee of 6% of the minimum monthly payment amount will be assessed for monthly payments received after 15 days of the actual due date.

Discount:

U.S. Bank offers the following discount. For more information on this discount program, contact us or call 800-242-1200.

• .25% AutoPay Reduction — To help you make on-time payments, sign up for automatic payment from your checking or savings and you'll receive a .25% interest rate reduction.¹

Note: Program rules and qualifications are subject to change at any time. Subsequent changes, however, will not affect loans already qualified for savings program. To qualify for this benefit, loans must be originated by U.S. Bank or a participating servicing partner and owned throughout repayment by U.S. Bank or a participating lender.

Loan Program Guide

For more details and a comparison chart of federal and supplementary loans, review our Loan Program Guide.