# 34 CFR § 682.301: Eligibility of borrowers for interest benefits on Stafford and Consolidation loans

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-34-682.301

## Section

- **Citation:** 34 CFR § 682.301
- **Heading:** Eligibility of borrowers for interest benefits on Stafford and Consolidation loans
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 34—Education > Subtitle B—Regulations of the Offices of the Department of 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

## 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 CFR § 682.100 § 682.100 The Federal Family Education Loan programs.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.100.md)
- [34 CFR § 682.101 § 682.101 Participation in the FFEL programs.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.101.md)
- [34 CFR § 682.102 § 682.102 Repaying a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.102.md)
- [34 CFR § 682.103 § 682.103 Applicability of subparts.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.103.md)
- [34 CFR § 682.200 § 682.200 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.200.md)
- [34 CFR § 682.201 § 682.201 Eligible borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.201.md)
- [34 CFR § 682.202 § 682.202 Permissible charges by lenders to borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.202.md)
- [34 CFR § 682.203 § 682.203 Responsible parties.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.203.md)
- [34 CFR § 682.204 § 682.204 Maximum loan amounts.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.204.md)
- [34 CFR § 682.205 § 682.205 Disclosure requirements for lenders.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.205.md)
- [34 CFR § 682.208 § 682.208 Due diligence in servicing a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.208.md)
- [34 CFR § 682.209 § 682.209 Repayment of a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.209.md)
- [34 CFR § 682.210 § 682.210 Deferment.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.210.md)
- [34 CFR § 682.211 § 682.211 Forbearance.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.211.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-34-682.301. Check the current official text before relying on it. Not legal advice.