Celebrate 50 Years
Financial Aid

School Code: 001828

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Financial Aid Office Hours:

Mon.- 8A.M.-6P.M.

Tues.-Thurs. 8A.M.-5P.M.

Fri. 9A.M.-5P.M.

Contact Us:

260-481-6820

Fax: 260-481-4159

finaid@ipfw.edu

2101 E. Coliseum Blvd.
Fort Wayne, IN, 46805

Federal Direct Stafford Loans

Federal direct Stafford Loans are offered through the Federal Government and are available to all Students that complete a Free Application for Federal Student Aid (FAFSA).

Subsidized Stafford Loans

  • Eligibility is based upon financial need.
  • This loan will not accrue interest while the student is in at least 6 credit hours(equivalent to two 3 credit hour classes) and through grace period of six months.
  • Limits vary with class standing. 
  • Fixed interest rate of 3.86% 
  • No credit check

Unsubsidized 

  • All students are eligible for Unsubsidized Stafford loans.
  • This loan accrues interest starting at the disbursement of the loan.
  • Interest may be paid during or after the grace period is over.
  • Fixed interest rate of 3.86%
  • No credit check

How to Apply

By completing the Free Application for Federal Student Aid (FAFSA) your initial application is already complete.  Your school will award you the amounts that you see listed below for your class standing. You will then need to accept the amount you wish to borrow. Once you have accepted the loan, you will need to complete Loan Entrance Counseling and the Federal Direct Stafford Loan Master Promissory Note at studentloans.gov

Transfer students that have completed the Master Promissory Note do not need to complete another one.  They will though need to complete Entrance Counseling again. 

Students who are new borrowers on or after July 1, 2013, the period to which a student is eligible to borrow subsidized loans, will be limited to 150% of the length that is published for their institution. (i.e. a program that requires 120 credit hours, listed as a 4 year degree will be allotted 6 years of eligibility) 

At anytime students can access their aggregate loan history at nslds.ed.gov.

Near the end of the students field of study, they will be prompted to complete Exit Counseling.  This will counsel then on all of the repayment options available and educate the student about the cost.

Loan Limits for Dependent Students 

Class Level
Base Amount
(May be subsidized and/or unsubsidized)
Additional UnsubsidizedAnnual Loan Limit

Freshmen (0-29 credits):

$3500

$2000

$5500 

Sophomores (30-59 credits):

$4500

$2000

$6500

Juniors & Seniors

(60+ credits):

$5500

$2000

$7500

Dependent students may borrow a maximum lifetime limit of $31,000.  A limit of $23,000 limit is set for the subsidized portion.

Loan Limits for Independent Students

Class Level
Base Amount
(May be subsidized and/or unsubsidized)
Additional UnsubsidizedAnnual Loan Limit

Freshmen (0-29 credits):

$3,500

$6,000

$9,500

Sophomores (30-59 credits):

$4,500

$6,000

$10,500

Juniors & Seniors

(60+ credits):

$5,500

$7,000

$12,500

Dependent students may borrow a maximum lifetime limit of $57,500.  A limit of $23,000 limit is set for the subsidized portion.

Terms and Conditions