Students have a maximum of ten years to repay the borrowed funds. Federal Direct Unsubsidized Stafford Loan. This interest may be paid or added to the loan. This program allows independent students to borrow additional money at a variable interest rate not to exceed 8.25 percent. 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 cost of attendance, minus other aid per child for each academic year. There is no maximum aggregate. This money may be used to help pay for educational expenses. In addition, this federal program can help students gain valuable work experience. Scholarships Scholarships are funds given to students by government agencies, individual colleges, and various other sources.