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.

Fee Discounts

U.S. Bank pays the 1.5% origination fee on Stafford loans on your behalf for loans first disbursed on or after 07/01/07.

In most states, U.S. Bank or its partners also pay the 1% Stafford default fee on your behalf.

To determine whether your school is eligible for the 1% default fee reduction please call 1-800-242-1200.

Interest Rate Discounts

U.S. Bank offers outstanding discounts on Stafford loan interest rates. When you begin repaying your U.S. Bank Federal Stafford Loan, you can reap significant savings by making your payments on time. For information on discount programs, Contact Us or call 1-800-242-1200.

Loan Program Guide

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