<p>I'm hoping someone can help answer my question. I've read some place that you should wait until July 1 to apply for the subsidized stafford loan to take advantage of the lower rates.</p>
<p>The date you complete the Master Promissory Note (Stafford Loan Application) isn’t the driving force for the lower rates, it is the date that the school certifies and disburses the funds. So long as the first disbursement occurs after July 1, you would have the lower rates on the subsidized loan.</p>