Office of Financial Aid

Federal Stafford Student Loan Program (Unsubsidized)

Eligibility - A student must be enrolled or accepted for enrollment at least half-time in an eligible institution of higher education and must be a U.S. citizen, U.S. national or a permanent resident. The student must also be making satisfactory academic progress for consideration. In addition, the student must not be in default on any Title IV loans or owe a repayment on any Title IV funds. Males who are at least 18 years of age must be registered with the Selective Service Agency.

Maximum Amount - Graduate and professional students may borrow up to $20,500 per academic year to an aggregate maximum amount of $65,500 including all undergraduate Stafford/GSL loans. A loan may not exceed the cost of education less resources.

For information regarding Interest Rates, Grace Period, Deferment and Repayment information visit studentaid.ed.gov.  


Disbursement - Funds are electronically transferred to the school from the lender/servicer in equal installments based on the number of semester terms in the loan period. The Student Financial Aid Office will verify the student's eligibility upon receipt of the funds. A notice is sent to the student informing him/her that the funds have been received and that they will be disbursed to the student's account by the Bursar's Office. First-time borrowers at the University are required to complete an entrance interview prior to releasing the first disbursement.

Refunds - Students eligible for a refund of excess proceeds will be refunded within 14 days from the date a credit balance occurs on the student's account - generally 14 days from the date of disbursement of the funds.


Have Questions?

Ask Rocket Solution Central.

Rocket Solution Central — or RSC — is your one-stop answer shop for financial aid questions.

Call 419.530.8700
Monday - Wednesday and Friday 9 a.m. - 4:45 p.m.
Thursday 10 a.m. - 4:45 p.m.
Visit 1200 Rocket Hall
Monday - Friday 8:30 a.m. - 5 p.m.

No need to wait in line. Register through Rocket Q ahead of time or when you arrive. You'll receive wait-time updates and be notified when it's your turn.

Register by texting "University of Toledo" to 419.419.3430 or by entering your information online.

Rocket Financial Wellness Center

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Visit the Rocket Financial Wellness Center
Last Updated: 2/17/22