Federal Direct Stafford Loan. The loans must be paid back beginning six months after graduation or dropping below half-time attendance. Federal Direct Unsubsidized Stafford Loan. This interest may be paid or added to the loan. Repayment of the loan must begin within 60 days after the date funds are disbursed.
Borrowers have ten years to repay the loan.
Parents may borrow the cost of attendance, minus other aid for each child per academic year. There is no maximum aggregate. Other Sources of Financial Aid Targeted Aid. In addition, federal, state, and local community agencies and organizations offer other forms of financial assistance. Additional Sources of Financial Aid Information.