Deferments are available. These loans are from private lenders such as banks and credit unions and are guaranteed by the federal government. A Federal Stafford loan is made through a bank or lending institution and guaranteed by a state agency. Annual loan limits differ depending on a student's academic level and existing Stafford loan balance. Repayment begins six months after the borrower ceases to be enrolled on at least a half-time basis.
Deferments are available.
The maximum amounts and interest rates of this loan program are similar to the Subsidized Federal Stafford Loan program. However, interest begins accruing upon disbursement of the funds. Deferments are available. This program provides additional loan funds for student's educational expenses. Interest begins accruing upon disbursement of the funds.