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Get the free William D. Ford Federal Direct Stafford Loan Status Change Form - hunter cuny

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This document is used by students to request changes to their Stafford Loan amounts, including increases, decreases, or cancellations, specifically for Undergraduate and Graduate Plus loans.
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How to fill out William D. Ford Federal Direct Stafford Loan Status Change Form

01
Begin by downloading the William D. Ford Federal Direct Stafford Loan Status Change Form from the official website.
02
Read the instructions carefully to understand the purpose of the form.
03
Fill out your personal information, including your name, Social Security number, and contact information.
04
Indicate the specific loan information that pertains to the status change.
05
Clearly state the reason for the status change in the designated section.
06
Review your entries for accuracy and completeness.
07
Sign and date the form where indicated.
08
Submit the completed form by mailing it to the appropriate address provided in the instructions.

Who needs William D. Ford Federal Direct Stafford Loan Status Change Form?

01
Students who wish to change the status of their William D. Ford Federal Direct Stafford Loans, such as deferment requests or cancellation of loans, need this form.
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People Also Ask about

The Federal Stafford Loan is a non-credit based student loan for undergraduate and graduate students. There are two basic types of Stafford loans: subsidized and unsubsidized.
No new loans have been made under the FFEL Program since July 1, 2010. However, many people and schools also informally use the term “Stafford Loans” or “Direct Stafford Loans” to refer to Direct Subsidized Loans and Direct Unsubsidized Loans made under the William D. Ford Federal Direct Loan (Direct Loan) Program.
Repayment for Direct Stafford Loans begins 6 months after a student graduates or ceases attending school at least half-time. The standard repayment term is 10 years, although one can get access to alternate repayment terms (extended, graduated and income contingent repayment) by consolidating the loans.
How Much Money Can You Get? Academic LevelSubsidized and UnsubsidizedAggregate Loan Limits Sophomore $4,500 $57,500 (no more than $23,000 can be in subsidized loans) Junior, senior and subsequent undergraduate levels $5,500 Graduate and professional students $8,500 $138,500* (no more than $65,500 can be in subsidized loans)1 more row

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The William D. Ford Federal Direct Stafford Loan Status Change Form is a document used to report changes in the status of a borrower's loan, including changes in enrollment status, deferment, or other relevant circumstances affecting the loan.
Individuals who have received a William D. Ford Federal Direct Stafford Loan and experience a change in their loan status, such as transferring schools, changing enrollment status, or entering repayment, are required to file this form.
To fill out the form, borrowers should provide their personal information, loan details, and specific information regarding the status change. This includes indicating the nature of the change and any supporting documentation required for the status update.
The purpose of the form is to officially communicate any changes in a borrower's loan status to the loan servicer, ensuring that the borrower's loan record is accurate and up to date.
Information that must be reported includes the borrower's name, Social Security number, loan account number, details of the status change (such as transfer or deferment), and any relevant dates.
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