The most common student loan used by Barnard
students is the Federal Stafford Loan. Funds for the Stafford Loan are provided
by private lenders (banks, credit unions, etc.) and are guaranteed against default
by the government. The Stafford Loan has a fixed interest rate of 6.0%.
Maximum Stafford Loan amounts vary according to year of enrollment.
| Stafford Loan
application procedures |
| First-Time
Borrowers | Transfer
Students | Returning
Borrowers |
| Choose
a lender . | If
you borrowed at your previous school, select the
same lender. | Your
loan will be processed using the same lender as previous years. |
| Complete the Stafford
Student Loan Request form | Complete
the Stafford Student Loan Request form | Complete
the Stafford Student Loan Request form
|
| Complete
a Master Promissory Note at the lender site. | Your
Master Promissory Note is valid from your previous school. | Your
Master Promissory Note is valid from your previous years. |
| Complete an Entrance Interview
at orientation or contact Financial Aid. | Complete
an Entrance Interview at orientation or contact Financial Aid. | Not
applicable. |
| Submit
FAFSA to the federal processor. | Submit
FAFSA to the federal processor. | Submit
FAFSA to the federal processor. |
| Submit federal tax returns
and all W-2 forms for you and your parents to Financial Aid. | Submit
federal tax returns and all W-2 forms for you and your parents to Financial Aid. | Submit
federal tax returns and all W-2 forms for you and your parents to Financial Aid. |