The government pays interest on the loan while you are in school on at least a half-time basis. You begin repayment six months after you graduate or drop below half-time. Typical repayment periods do not exceed 10 years. Interest is variable, capped at 9 percent. Unsubsidized Federal Stafford loans are not based on financial need but borrowers must meet all of the other eligibility requirements of the federal Stafford loan program.
Borrowers pay interest while in school or capitalize their interest payment.
Annual limits are the same. Students will be contacted about repayment process prior to graduation. Students who are first time borrowers at UW-Stout must attend entrance counseling before checks are released. Available to undergraduates and graduates. Earnings are limited to individual allotments.