SNB Lender Code: 809081

The Unsubsidized Federal Stafford Loan is a low-interest guaranteed loan designed to help students pay for their education cost. Qualification is NOT based on financial need.

Features The interest rate on Stafford Loans disbursed on or after July 1, 2006 is fixed at 6.8% Student is the borrower Student is responsible for the interest while in school and during grace period. Students can defer interest payment until completion of school No credit check is required Available to undergraduate and graduate students Possible to qualify for a portion of each type: subsidized and unsubsidized Save Money!! Get 3.3% cash back - apply it to your loan balance or receive a check.  When you make your first 33 scheduled Stafford Loan payments on time, you will be eligible to receive 3.3% of your original Stafford Loan balance back.

No Fees! Apply Online Complete the online application using OpenNet, Sallie Mae's online loan system.

Eligibility

• Student enrolled on at least a half-time basis
• Maintain satisfactory academic progress, as determined by the school
• Based on cost of attendance

Fees 
No Fees! 

• SNB will pay the federal origination fee on all Stafford Loans
• SNB will pay the federal default fee on Stafford Loans guaranteed by USA Funds or the Oklahoma Guaranteed Student Loan Program

Cumulative Unsubsidized Loan Maximum

• Undergraduate: $23,000
• Graduate: $50,000
• Combined Undergraduate & Graduate: $73,000

Repayment Terms

• Repayment starts six months after graduation, withdrawal or dropping below half-time enrollment
• $50 minimum monthly payment
• 10-year maximum repayment period is standard
• Other repayment options available based on amount borrowed and financial need