Cannot exceed cost of education. This is a long-term, low interest loan designed to provide students who do not qualify for other financial aid, or who still need more money, with additional funds for college. This unsubsidized Federal Stafford Loan can be made in conjunction with a subsidized Federal Stafford Loan as long as the maximum annual or aggregate loan limits for Federal Stafford Loans have not been exceeded. You must repay this aid. Need analysis required.
Interest is due while in school and during grace period, but can be postponed.
Check with your lender for their terms. Students can choose to pay the interest during their grace period. Deadlines Loan applications will be accepted throughout the school term. To be sure you get your funds when you need them, ask your Financial Aid Administrator for recommended deadlines. Interest Rate Click HERE for current rates.