Stafford Loans may be subsidized or unsubsidized or a combination. A subsidized loan is such that interest does not accrue while the borrower is in school. An unsubsidized loan is such that the borrower must make interest-only payment while in school, or allow interest payments to be added to the principal. A repayment plan, with a variable percent interest, begins six months after the student leaves college. An additional 1 percent interest is charged at the time the loan is received.
Applications are available at local banks.
A repayment plan begins 60 days after receipt of the loan. Applications for PLUS loans are available at local lending institutions. For more information, contact the Office of Financial Aid. Graduate Assistantships and Tuition Scholarships Assistantships are awarded to students who have demonstrated scholarship and academic promise, and whose education and experience enable them to assist in laboratory instruction and research. In addition, a tuition scholarship may be awarded.