Federal Stafford Loans

Stafford Loans

Federal guaranteed Stafford Direct Loans are available to Florida Tech undergraduate and graduate students who are U.S. citizens, or eligible non-citizens.  Both undergraduate and graduate students must complete the FAFSA, be accepted by Florida Tech as a degree-seeking student, and be registered for at least half time status.  All Florida Tech students must also accept their loan(s) on Florida Tech's Panther Access Web System (PAWS) website (see below). 

In addition, new Florida Tech students must complete the loan Entrance Counseling session and electronically sign a Master Promissory Note on the Federal StudentLoans.gov website as indicated below.  Students must complete all of these steps before their first loan disbursement can be deposited in their student account.  (Note: The two StudentLoans.gov steps will not need to be repeated for future Stafford Direct Loans while attending Florida Tech.)

  • Accept your Florida Tech Stafford Direct Loan:
    • Logon to Access Florida Tech (http://access.fit.edu) with your TRACKS Username and Password.
    • Click the PAWS icon hyperlink in the Launch Pad bar.
    • Select the Financial Aid tab and then the menu item Award.
    • On the Award menu, select Award for Aid Year, choose the applicable Aid Year and Submit.
    • Select the Accept Award Offer tab and follow the instructions to accept your loan
  • Logon to the Federal Department of Education website: https://studentloans.gov/
    • Complete the Entrance Counseling session
    • Complete a Master Promissory Note (MPN) for your Direct Loan

To help prepare for completing Loan Counseling and the new Federal Direct Loan MPN, you may want to download our tutorial about StudentLoans.gov:  New Requirements for Federal Direct Loan

More information is available on this StudentAid.Ed.Gov Subsidized and Unsubsidized Loans web page, including significant changes that affect the periods when borrowers are eligible to receive a subsidized loan and when the government pays loan interest.