Federal Stafford Loans

Even with savings, grants and scholarships, you may still need money to pay for your health professions education. We offer high-quality federal student loans and we'll help you understand the process from start to finish.

A Federal Stafford Loan from Citi is the best place to start with a low, fixed interest rate set by the government.

Interest Rate

Federal Stafford Loans feature a fixed interest rate of 6.80%.

Borrowing Limits Depending upon the eligibility detailed in your award letter, you may be able to borrow up to the aggregate loan limit of $224,000.

Repayment Terms
The standard repayment term is 10 years in addition to any periods of deferment or forbearance. An Extended Repayment term of up to 25 years is available for borrowers who qualify.

Fees
The following federal fees will be subtracted from your requested loan amount:

• 0.50% origination fee
• 1.00% federal default fee

Benefits

Paying for College is Uncomplicated With Citi
From explaining how to earn an interest rate reduction to providing information on flexible repayment options, we make benefits easy to understand.

No Minimum Loan Amount

Since there is no minimum loan amount required, you have the flexibility to borrow only what you need.

No Payments While in School

Principal payments are automatically deferred while you are in school and during your six month grace period. You choose whether to pay interest while in school or postpone your interest payments. Any unpaid interest will be capitalized or added to your principal loan balance when repayment begins.

Interest Rate Reduction for Auto-Debit Payments

Receive a 0.25% interest rate reduction when you enroll in our auto-debit payment program and receive only electronic statements.

Flexible Repayment Options

Citi offers options for lowering or deferring payments while you're studying, transitioning into your career, or facing financial hardship.

Tax Deduction

The interest on your Federal Stafford Loans may be tax deductible.

Online Account Management

Access and manage your account through our secure Web site. In seconds, you can track your loan applications, view disbursement information, update your contact information and make payments online.

Customer Service You Can Count On

Citi provides exceptional customer service via dedicated and highly-trained experts who can help you.

Eligibility

Basic Stafford Loan Eligibility
Eligibility for subsidized and unsubsidized Stafford funding will be defined in the award letter from your school.

To be eligible for a graduate Stafford Loan, you must meet the following criteria:

• Be enrolled as a full- or half-time graduate student.
• Be a U.S. citizen, national, or an eligible non-citizen. An eligible non-citizen is a permanent resident of the United States able to present evidence from the Immigration and Naturalization Service that he or she is in the U.S. for other than a temporary purpose with the intention of becoming a citizen or permanent resident.

Tip: To minimize the cost of borrowing for your education, borrow as much as you can in federal loans before exploring other borrowing options such as private loans.