# 34 C.F.R. § 682.301 (2026): Eligibility of borrowers for interest benefits on Stafford and Consolidation loans

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_301

## Section

- **Citation:** 34 C.F.R. § 682.301 (2026)
- **Heading:** Eligibility of borrowers for interest benefits on Stafford and Consolidation loans
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 34 CFR: Education / Chapter VI: OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION / Part 682: FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM / Subpart C: Federal Payments of Interest and Special Allowance / § 682.301: § 682.301   Eligibility of borrowers for interest benefits on Stafford and Consolidation loans.

## Text

(a)
General.
(1) To qualify for benefits on a Stafford loan, a borrower must demonstrate financial need in accordance with Part F of the Act.
(2) A Consolidation loan borrower qualifies for interest benefits during authorized periods of deferment on the portion of the loan that does not represent HEAL loans if the loan application was received by the lender—
(i) On or after January 1, 1993 but prior to August 10, 1993;
(ii) On or after August 10, 1993, but prior to November 13, 1997 if the loan consolidates only subsidized Stafford loans; and
(iii) On or after November 13, 1997, for the portion of the loan that repaid subsidized FFEL loans and Direct Subsidized Loans.
(b)
Application for interest benefits.
To apply for interest benefits on a Stafford loan, the student, or the school at the direction of the student, must submit a statement to the lender pursuant to § 682.603. The student must qualify for interest benefits if the eligible institution has determined and documented the student's amount of need for a loan based on the student's estimated cost of attendance, estimated financial assistance, and expected family contribution as determined under part F of the Act.
(Approved by the Office of Management and Budget under control number 1845-0020)
(Authority: 20 U.S.C. 1078, 1082, 1087-1)
[57 FR 60323, Dec. 18, 1992, as amended at 58 FR 9120, Feb. 19, 1993; 59 FR 33352, June 28, 1994; 64 FR 18978, Apr. 16, 1999; 64 FR 58959, Nov. 1, 1999; 78 FR 65813, Nov. 1, 2013; 85 FR 49821, Aug. 14, 2020]

## Nearby sections

- [34 C.F.R. § 682.300 (2026) § 682.300   Payment of interest benefits on Stafford and Consolidation loans.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_300.md)
- [34 C.F.R. § 682.301 (2026) § 682.301   Eligibility of borrowers for interest benefits on Stafford and Consolidation loans.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_301.md)
- [34 C.F.R. § 682.302 (2026) § 682.302   Payment of special allowance on FFEL loans.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_302.md)
- [34 C.F.R. § 682.304 (2026) § 682.304   Methods for computing interest benefits and special allowance.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_304.md)
- [34 C.F.R. § 682.305 (2026) § 682.305   Procedures for payment of interest benefits and special allowance and collection of origination and loan fees.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_301. Check the current official text before relying on it. Not legal advice.