Repayment may be deferred up to six months after the borrower graduates, leaves school or drops below six credit hours. Interest rates are variable and origination fees are charged at the time of each disbursement. A federal loan program in which loan eligibility is the same as Federal Direct Stafford Subsidized, except the unsubsidized loan does not use the EFC figure, and the borrower is responsible for paying all interest from the time of disbursement until the loan is paid in full. The annual maximum is the same as the subsidized Stafford Loan minus amounts borrowed under that program. Repayment may be deferred up to six months after graduation, withdrawal, or less than half-time enrollment.
Interest rates are variable and origination fees are charged at the time of each disbursement.
A Federal loan program in which parents of dependent students may borrow for the students' education. Dependent students must be in a degree program or in an eligible certificate program. This loan program does not use the EFC figure and students must be enrolled at least halftime. Repayment is due within 60 days from the date of disbursement. Interest rates are variable and origination fees are charged at the time of each disbursement.