Federal Direct Loans

Federal Stafford loans are interest loans offered through the U.S. Department of Education (direct loans). Western Seminary recommends that students limit their borrowing to $13,333 in any two semester loan period and total graduate/undergraduate borrowing to $40,000 at time of repayment. This applies in aggregate to subsidized and unsubsidized Stafford loans, loans that have been consolidated, and Perkins loans. These recommended loan limits are based on the expected income of a Western Seminary graduate. Students wishing to borrow in excess of these recommended limits will be asked to provide additional information regarding financial resources and future repayment.

Repayment begins six months after you graduate or cease to be at least a half-time student (this six month "grace period" is applicable to you once as a student, even for those loans you may have received prior to your time at Western Seminary). The Stafford loan process can take six to eight weeks and should be started as early as possible. (As a graduate institution, students are not eligible for federal grant programs such as Pell.)

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