Student Loans Student loans are funds provided by the federal government and they must be repaid. Different types of student loans may be available, depending on the student's eligibility for each. Interest does not accrue and repayment does not begin until nine months after you have graduated, dropped below half-time status, or withdrawn from the University.
Amount is subject to change based on availability of funds.
Stafford Loan A Subsidized Stafford Loan is a federal loan that must be repaid. For details on the maximum annual loan limits, contact the Financial Assistance office. Unsubsidized means that interest will accrue while the student is in school. The student can choose to pay the interest while in school or defer the interest and have it added to the principal balance. As with the subsidized loan, repayment on the principal does not begin until six months after the student has graduated, dropped below half-time status, or withdrawn from the University.