William D. Ford Federal Direct Subsidized Stafford Loan for graduate and professional students

Due to the Budget Control Act of 2011 passed by the U.S. Congress, effective for loan periods beginning on or after July 1, 2012, graduate and professional students will no longer be eligible to receive Federal Direct Subsidized Stafford Loans. Federal Direct Unsubsidized Stafford Loans will continue to be available. The existing annual Stafford loan limits and aggregate Stafford loan limits will remain the same. Loans disbursed before July 1, 2012 will not be affected by this change.